U.S. stocks continue slide amid global sell-off

08:44, June 08, 2010      

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Wall Street declined on Monday with all major indexes falling more than 1 percent as concerns on global economic recovery spread.

Market sentiment was still badly influenced by Friday's plunge, which sent the market down more than 3 percent. The Dow Jones industrial average finished below 10,000 key psychological level.

The euro zone's debt problems haunted markets after the Hungarian government said on Friday the country might suffer a Greece-style debt crisis.

Global equity markets were also hit by weaker-than-expected jobs data in the United States, which released on Friday.

Major Asian and European stock markets declined on Monday. The Nikkei 225 index fell 3.84 percent to 9,520.80 while the FTSE 100 ended down 56.94 points, or 1.1 percent at 5,069.06.

The U.S. Financial Crisis Inquiry Commission said Monday it had sent Goldman numerous requests for information, documents and interviews, accusing the firm of stonewalling an investigation.

Shares of Goldman fell 2.51 percent, or 3.57 U.S. dollars on the New York Stock Exchange.

The Dow Jones industrial average dipped 115.48, or 1.16 percent, to 9,816.49. The Standard & Poor's 500 index was down 14.41, or 1. 35 percent, to 1,050.47 and the Nasdaq was down 45.27, or 2.04 percent, to 2,173.90.



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