Published on Sat, Nov 28, 2009 at 08:39 | Source : Moneycontrol.com
Updated at Mon, Nov 30, 2009 at 16:09
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US markets end lower; Down down 154 points
The US markets ended lower. The Dow Jones Industrial Average was down 154.48 points, or 1.48%, to 10309.92. The Nasdaq was down 37.61 points, or 1.73%, to 2138.44 while the S&P 500 was down 19.14 points or 1.72% to 1091.49.
The US markets ended lower. The Dow Jones Industrial Average was down 154.48 points, or 1.48%, to 10309.92. The Nasdaq was down 37.61 points, or 1.73%, to 2138.44 while the S&P 500 was down 19.14 points or 1.72% to 1091.49.
US stocks plunged over 1% in a truncated session on Friday as a possible debt default by a Dubai state-owned conglomerate led to fresh concerns about the global financial system.
The sell-off was broad, with selling concentrated mainly in the financial and commodity-linked sectors as investors trimmed positions in areas of the market most sensitive to economic uncertainty.
That hit stocks like aluminum producer Alcoa Inc, down 2.6%, and Bank of America, down 3%.
For the week, the Dow dipped 0.1%, while the S&P 500 edged up 0.01% and the Nasdaq slipped 0.4%.
