Markets
US markets renew slump; Dow down 2.4 percent
NEW YORK : Wall Street suffered another slump Monday as concerns about the economy, contagion from the European debt cri
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NEW YORK: Wall Street suffered another slump Monday as concerns about the economy, contagion from the European debt crisis and rumors of an American Airlines bankruptcy dragged down markets.
Despite a brief rally on news that a key indicator of the health of the US manufacturing sector was better than expected, the main indexes ended the day firmly in the red.
The Dow Jones Industrial Average was down 258.15 points (2.37 percent) at 10,655.23 at the close.
The S&P 500 fell 32.22 (2.85 percent) to 1,099.20, and the tech-heavy Nasdaq fell 79.57 points (3.29 percent) to 2,335.83.
Copyright AFP (Agence France-Presse), 2011
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