US stocks edge lower as August slump continues amid China property woes

News Snapshot:

trader nyse screens : Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Despite the passing the debt ceiling bill in the U.S. House of Representatives, the Dow was lower in morning trading.Spencer Platt/Getty Stocks moved lower on Monday, with the Nasdaq Composite coming off its first back-to-back losing weeks of the year. Chinese property giant Country Garden dropped to a record low after suspending bond trading. Later this week, top retailers Target, Walmart, and Home Depot will report earnings. US stocks dipped early Monday, after the Nasdaq Composite...