Investors got a stark reminder Monday to stay buckled up in 2016.
After a roller-coaster ride last year, global stock prices fell sharply in response to another rout on the Chinese stock market amid persistent worries that China's economy is faltering and that Chinese officials are struggling to do much about it.
Rising tensions between Saudi Arabia and Iran — creating fresh concern about Middle East oil supplies — and a report of lackluster U.S. manufacturing added to Wall Street's bearish mood.
But some analysts cautioned against looking too far ahead based on one session, especially with the U.S. economy still showing modest growth.
“I don't think this is...