NEW YORK REPORT
US stocks slid yesterday as investors dealt with the one-two punch of worsening political upheaval in the Euro zone and the possibility that China’s economy may be softening more than previously thought.
Economically sensitive shares, including banks and energy companies, paced the decline. Exxon Mobil lost 1.2 per cent to $82.12. The NYSEArca oil index fell 1.8 per cent.
State television in Greece reported the president of the fiscally beleaguered country will continue talks on forming a coalition government
The Dow Jones industrial average dropped 125.25 points, or 0.98 per cent, to 12,695.35 at the close. The Standard & Poor’s 500 Index lost 15.04 points, or 1.11 per cent, to 1,338.35. The Nasdaq Composite Index fell 31.24 points, or 1.06 percent, to 2,902.58.