Stocks fell broadly around the globe on Monday, a reaction to a steep drop in the Chinese market overnight.

The losses follow declines in U.S. markets last week, when the three major indexes fell between 2 to 3 percent each. Global economic growth concerns remain the main focus for investors.

Faced with a drop in stock prices in Asia, Europe and the U.S., investors moved into traditional safe havens. The yield on the 10-year U.S. Treasury note fell to 2.22 percent from 2.26 percent on Friday. The price of gold rose 1 percent. Dividend-heavy stocks, like utilities, also gained.

“There remain very few buyers out there and there are some growing concerns that we’re looking at a slowdown in global economic growth,” said Sean Lynch, co-head of global equity strategy with the Wells Fargo Investment Institute.