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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.

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