U.S. stock markets entered recovery mode Monday afternoon after a steep morning sell-off both at home and in the Asian trading session.
Major indexes closed down more than 1.5 percent, but briefly traded about 3 percent lower after the Shanghai composite saw a 7 percent plunge Monday. Part of the dip occurred as a key economic indicator, Caixin manufacturing PMI, reported soft results.
But experts told CNBC’s “Power Lunch” that there’s more to Monday trading session than just the Chinese manufacturing sector.
