Dow Posts Biggest Two-Day Slump Since 2008 on Policy Concern

U.S. stocks slumped, giving the Dow Jones Industrial Average its biggest two-day decline since December 2008, amid investors’ concern that policy makers are running out of tools to avoid another global economic recession.

All 10 industries in the Standard & Poor’s 500 Index retreated at least 1.8 percent as losses were led by commodity and industrial shares. Alcoa Inc., Caterpillar Inc. and Bank of America Corp. dropped more than 5 percent, pacing declines in companies most-tied to economic growth. FedEx Corp., operator of the biggest cargo airline and a proxy for the economy, tumbled