March 10th, 2009 by InvestorPoint
A wide range of investment worries dragged down U.S. stocks Monday, following a shaky start to the week in Asian markets.
The Nikkei 225 index was down in Japan, off 87.07 points, or 1.21 percent, to 7,086.03. The Hang Seng index in Hong Kong dropped 4.84 percent. In China, the Shanghai Composite fell 3.6 percent.
European markets were mixed Monday. In London, the FTSE 100 index rose 0.33 percent — 11.67 points — to 3,542.40 and in Frankfurt the Dax was up 0.7 percent to 3,692.03. The CAC 40 in Paris was off 0.6 percent. The broader DJStoxx 600 closed down 0.97 percent.
In New York, Dow Jones industrial average lost 1.21 percent closing 79.89 points lower to 6,547.05. The Standard & Poor’s 500 lost 1% or 6.85 to 676.53. The Nasdaq composite lost almost 2% or 25.21 to close at 1,268.64.
Decliners outweighed by advancers on the New York Stock Exchange by almost 2.5 to 1 as 888 stocks advanced and 2,207 declined on a volume of 8.1 billion shares traded.
The benchmark 10-year U.S. Treasury bond fell 1/32 to yield 2.879 percent.
The euro fell to $1.2603, compared to Friday’s $1.2607. Against the Japanese yen, the dollar fell to 98.79 yen, compared to Friday’s 98.85 yen.