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Business Daily from THE HINDU group of publications Friday, October 2, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1010 hrs (IST)
Global News / Markets Bank, tech shares push US markets lower MUMBAI: The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fuelled fears about the recovery's strength. Cyclical stocks, which are sensitive to the economy's cycles, were among the worst performers, i ncluding technology and bank shares. Airlines also fell sharply, with an airline index down 8.3 percent. The Dow Jones industrial average tumbled 203.00 points, or 2.09 per cent, to end at 9,509.28. The Standard & Poor's 500 Index slid 27.23 points, or 2.58 per cent, to 1,029.85. The Nasdaq Composite Index lost 64.94 points, or 3.06 per cent, to 2,057.48.
Prev: Asian markets fall sharply Business Line | NUS Index | |
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