US stocks dive on concerns about global growth; Dow drops more than 320 points
NEW YORK, N.Y. - The U.S. stock market had its worst day in more than seven months, and the Dow Jones industrial average plunged more than 320 points, as reports of sluggish U.S. growth added to worries about the global economy.
The Dow fell 326.05 points, or 2.08 per cent, to close at 15,372.80 Monday. The index fell as much as 342 points in the afternoon. The Standard & Poor's 500 index lost 40.70 points, or 2.28 per cent, to 1,741.89. The Nasdaq slid 106.92 points, or 2.6 per cent, to 3,996.96
Investors moved into safer assets such as U.S. Treasurys. The yield on the 10-year note fell to 2.58 per cent from 2.65 per cent Friday.
A report Monday showed that U.S. manufacturing barely expanded last month. Signs of weakness in China's manufacturing sector added to worries about developing economies.
Read more Business News
- Images of 2 Iranians on missing planeWorld - 6:44 am
- Bieber will go to trial in US on May 5Entertainment - 9:03 am
- Targeted shooting in VancouverBC - 6:23 am
- Predator Ridge Fire Hall coming soonVernon / N. Okanagan - 5:00 am
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.47||-0.07|
|Copper Mountain Mining||2.09||-0.05|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.285||+0.01|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...