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Dow Tumbles Triple Digits as Commodity Slide Hits Sentiment
Factors behind fall: Fed fears, falling crude oil, European slide
by Anora Mahmudova and Victor Reklaitis
Market Watch
U.S. stocks declined sharply on Tuesday as a selloff in global equity markets and a slide in oil and other commodity prices hit sentiment.
More negative news from China may be adding to fears about slowing global economic growth that have been heightened after the Federal Reserve last week chose to stay pat on interest rates.
The S&P 500 index slid 33 points, or 1.7%, to 1,933, with all 10 main sectors trading lower. Materials and technology stocks were leading losses.
The Dow Jones Industrial Average dropped 270 points, or 1.6%, to 16,240, as all 30 components in the blue-chip index traded lower. United Technologies Corp. and Goldman Sachs Group led the decliners.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2015/09/dow-tumbles-triple-digits-as-commodity-slide-hits-sentiment/?utm_source=rss&utm_medium=rss&utm_campaign=dow-tumbles-triple-digits-as-commodity-slide-hits-sentiment
