US STOCKS-Dow cracks below 11,000 on Wall St slide

Fri Jul 11, 2008 11:45am EDT
 
[-] Text [+]

(Updates with market extending losses)

NEW YORK, July 11 (Reuters) - U.S. stocks slid further on Friday, sending indexes down about 2 percent or more and the Dow briefly below 11,000 for the first time since July 2006, as investors fretted about the stability of home financing providers Freddie Mac (FRE.N) and Fannie Mae (FNM.N).

The Dow Jones industrial average .DJI slumped 181.24 points, or 1.60 percent, to 11,047.78. The Standard & Poor's 500 Index .SPX tumbled 20.85 points, or 1.66 percent, to 1,232.54. The Nasdaq Composite Index .IXIC tumbled 34.40 points, or 1.52 percent, to 2,223.45. (Reporting by Ellis Mnyandu; Editing by Jan Paschal)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better