Dow Jones tumbles 200 pts. right after Monday's open - New York News

Dow Jones tumbles 200 pts. right after Monday's open

Posted: Updated:

UPDATE: 10 AM, Monday

NEW YORK (AP) -- Dow Jones industrial average falls 200 points as worries deepen over China, higher US rates.

 

(AP) -- More signs of distress in China's economy and rising U.S. bond yields are weighing on U.S. stocks in early trading.
 
The Dow Jones industrial average fell 160 points, or 1.1 percent, to 14,639 in the first few minutes of trading Monday.
 
The Standard & Poor's index fell 24 points, or 1.2 percent, to 1,570. The Nasdaq composite fell 45 points, or 1.3 percent, to 3,312.
 
An increase in China's commercial lending rates brought new worries about China's finances. China's Shanghai Composite Index plunged 5 percent, its biggest loss in four years.
 
The selling also spread to Europe. France's index fell 1.8 percent, Germany's 1.2 percent.
 
In the U.S., the yield on the 10-year Treasury note jumped to 2.62 percent from 2.54 Friday, its highest level in almost two years.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Crash in Lincoln Tunnel causes major delays

    Crash in Lincoln Tunnel causes major delays

    Tuesday, September 2 2014 3:06 PM EDT2014-09-02 19:06:51 GMT
    One of the tubes of the Lincoln Tunnel was closed for nearly four hours after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says three people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.
    One of the tubes of the Lincoln Tunnel was closed for nearly four hours after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says three people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.

  • $1M Powerball ticket sold in NJ set to expire

    $1M Powerball ticket sold in NJ set to expire

    Tuesday, September 2 2014 2:23 PM EDT2014-09-02 18:23:45 GMT
    State lottery officials say a Powerball ticket worth $1 million that was sold at a northern New Jersey convenience store last year will soon expire.
    State lottery officials say a Powerball ticket worth $1 million that was sold at a northern New Jersey convenience store last year will soon expire.
  • Princeton worker told to choose medical pot or job

    Princeton worker told to choose medical pot or job

    Tuesday, September 2 2014 2:19 PM EDT2014-09-02 18:19:48 GMT
    A Princeton University employee says he has been told to choose between medical marijuana and his job.
    A Princeton University employee says he has been told to choose between medical marijuana and his job.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices