Yahoo Finance- Stocks poised for massive selloff; oil tumbles; tech punished

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Stocks poised for massive selloff; oil tumbles; tech punished Wall Street is again seeing a massive selloff as U.S. stocks (^GSPC) follow in the footsteps of global markets that are sinking because of fears about China and worldwide economic growth. Yahoo Finance Senior Columinst Michael Santoli says there's definitely panic in the market. "I wouldn't say undue panic," he adds. "What you have right now is professional investors badly positioned unwinding a lot of trades. And that has fed on itself." Chipotle Mexican Grill (CMG) The Mexican restaurant chain is planning to hire 4,000 workers in a single day next month. Co-CEO Monty Moran tells the Wall Street Journal Chipotle needs to reach out to employees because the economy is improving, more restaurants are opening and there are fewer job applicants than there were several years ago. The company's "National Career Day" will be held September 9th. Chipotle Mexican Grill (CMG) The Mexican restaurant chain is planning to hire 4,000 workers in a single day next month. Co-CEO Monty Moran tells the Wall Street Journal Chipotle needs to reach out to employees because the economy is improving, more restaurants are opening and there are fewer job applicants than there were several years ago. The company's "National Career Day" will be held September 9th. Caesar's Entertainment (CZR) The stock got a big boost on Friday on rumors it has a deal with key bondholders and lenders to restructure the casino company's bankrupt operating division. Caesar's made the official announcement following the close of trading last week. #Yahoo Finance,finance