FXstreet.com (San Francisco) - U.S. stocks lost fell Tuesday as worries about global economic growth trumped positive macroeconomic data out of the U.S. and after comments from Federal Reserve Bank of Philadelphia president Charles Plosser shook investor sentiment.
The Dow Jones Industrial Average dropped 101.37 points, or 0.8%, to 13,457.55, closing below the 13,500 level for the first time since QE3 was announced on September 13. The S&P 500 index lost ground for a fourth day, falling 15.30 points, or 1.1%, to 1,441.59. The Nasdaq Composite slid 43.05 points, or 1.4%, to 3,117.73, its largest daily loss in three months.
The Dow Jones Industrial Average dropped 101.37 points, or 0.8%, to 13,457.55, closing below the 13,500 level for the first time since QE3 was announced on September 13. The S&P 500 index lost ground for a fourth day, falling 15.30 points, or 1.1%, to 1,441.59. The Nasdaq Composite slid 43.05 points, or 1.4%, to 3,117.73, its largest daily loss in three months.
