Fears over China and Greece push down US stocks for 2nd day

1	FILE - This Oct. 2, 2014 file photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York.
2	A fresh sell-off of Chinese shares prompted renewed jitters across global markets on Thursday, Aug. 20, 2015.
3	A woman walks past an electronic stock board of a securities firm in Tokyo, Friday, Aug. 21, 2015.
4	Tokyo's Nikkei 225 plunged 2 percent in the morning session as Asian stocks fell further Friday after a survey showed Chinese manufacturing weakened this month.
5	U.S. stocks are falling sharply for a second day as investors in major markets around the world head for the exits on growing evidence that China's economy is slowing.
6	The new bout of selling followed news of a survey showing manufacturers on the mainland continue to contract.
7	Investors are also worried about more turmoil in Greece after the resignation of its prime minister.
8	KEEPING SCORE: The Dow Jones industrial average fell 145 points, or 0.9 percent, to 16,844 as of 10:11 a.m. Eastern time.
9	The Standard & Poor's 500 index dropped 16 points, also 0.8 percent, to 2,019.
10	The Nasdaq skidded 38 points, or 0.8 percent, to 4,839.
11	BROAD DROP: All 10 sectors of the S&P 500 fell, led by a 0.7 drop in utilities.
12	CHINA JITTERS: In China, a preliminary version of a gauge of business activity, the Caixin purchasing managers' index, fell to an unexpectedly low 47.1 points.
13	Numbers below 50 show a contraction.
14	The devaluation of the yuan last week has shaken confidence in the world's No.
15	2 economy.
16	The Shanghai Composite index suffered another steep drop of 4.3 percent on Friday.
17	THE QUOTE: "China has been on a mission to keep up the illusion of a gradual slowdown, but dealers aren't buying it anymore," said David Madden, market analyst at IG.
18	OH, DEERE: Deere & Co. fell $6.35, or 7 percent, to $84.30 after it cut its full-year outlook.
19	It said it expects the weak agriculture and energy sectors to continue dragging down equipment sales.
20	EUROPE DOWN: In Europe, France's CAC-40 declined 1.4 percent while Germany's DAX fell 1.3 percent.
21	In Britain, the FTSE 100 index was down 1.5 percent.
22	GREECE BACK TOO: Greece looks headed for another election on Sept.
23	20 provided opposition parties can't form a new government.
24	Prime Minister Alexis Tsipras is hoping to capitalize on his personal popularity in the election as he seeks a new mandate to govern.
25	The country earlier this week got its hands on the first tranche of cash from its third international bailout.
26	ANALYST TAKE: "While the decision to have a new vote is likely to increase political uncertainty in the short term .... the hope is that the more dysfunctional members of his government will get pushed to the sidelines," said Michael Hewson, chief market analyst at CMC Markets.
27	ASIA'S DAY: Tokyo's Nikkei 225 was off 3 percent, Seoul's Kospi shed 2 percent and Hong Kong's Hang Seng fell 1.5 percent.
28	ENERGY: A slowdown in China has the potential to significantly crimp demand for oil.
29	The benchmark U.S. crude fell 13 cents to $41.19 per barrel on the New York Mercantile Exchange.
30	It has now been in decline for eight consecutive weeks, the longest streak since 1986.
31	Brent crude, which is used to price international oils, shed 71 cents to $35.91 in London.
32	CURRENCY: The euro rose 0.4 percent to $1.1287.
33	The dollar was also 0.6 percent lower at 122.65 yen.
34	Investors play a card game near electronic boards displaying stock prices in Beijing, Friday, Aug. 21, 2015.
35	Asian stocks fell further Friday after a survey showed Chinese manufacturing weakened this month.
36	A man holding a fan walks by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 21, 2015.
37	People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 21, 2015.
38	Investors monitor stock prices at a brokerage in Beijing, Friday, Aug. 21, 2015.
39	A woman using a smartphone walks by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 21, 2015.