Saturday, 2 June 2012

U.S. MARKET UPDATE

U.S. stocks tumbled, falling for the fourth time in five weeks and erasing the Dow Jones Industrial Average’s 2012 gain, amid concern the global economy is slowing and Europe’s debt crisis is worsening.
The Dow Jones industrial average lost 204.23 points, or 1.65 percent, to 12,189.22. The S&P 500 Index dropped 24.18 points, or 1.85 percent, to 1,286.15. The Nasdaq Composite fell 56.24 points, or 1.99 percent, to 2,771.10.
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