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Summary Last-hour selling pushed the Dow Jones Industrial Average to a 1.57 per cent loss for the day.
Recession fears sent US stocks down again, with last-hour selling pushing the Dow Jones Industrial Average to a 1.57 per cent loss for the day.The Dow fell 172.93 points to close at 10,817.65. The broader S&P 500 lost 17.12 points (1.50 per cent) to 1,123.53, while the tech-heavy Nasdaq dropped 38.59 points (1.62 per cent) to 2,341.84.Concerns about faltering US economic growth and the euro zones debt crisis have wiped more than US$7 trillion (S$8.5 trillion) in value from global stock markets since late July.Its just a continuation of the fear factor. Its Friday, with no economic news, the market traders are continuing to sell, said Peter Cardillo, chief market economist with Rockwell Global Capital.
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