Fear is increasingly ruling US stock markets as traders are unsure what the new day will bring, preferring to sell-out for small profits rather than wait for a windfall. Stocks have fallen to their lowest level in seven months on fears that Europe's economic problems will derail a global recovery. The Dow Jones industrial average is down 115 points Monday at 9,816, its lowest close since November. The Dow lost 323 Friday after the government's May jobs report fell short of expectations.
Traders have again dumped stocks in the final hour. That signals traders would rather sell than be hit by surprises before the market reopens Tuesday morning. The Standard & Poor's 500 index is down 14 at 1,050, while the Nasdaq composite index is down 45 at 2,174. Nearly three stocks fell every one that rose on the New York Stock Exchange rose. Volume came to 1.4 billion shares compared with 1.6 billion Friday.
Traders have again dumped stocks in the final hour. That signals traders would rather sell than be hit by surprises before the market reopens Tuesday morning. The Standard & Poor's 500 index is down 14 at 1,050, while the Nasdaq composite index is down 45 at 2,174. Nearly three stocks fell every one that rose on the New York Stock Exchange rose. Volume came to 1.4 billion shares compared with 1.6 billion Friday.
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