U.S. Stocks Slide With Global Equities as Nasdaq 100 Pares Drop
- Financial, raw-material shares lead declines in S&P 500
- Nasdaq 100 erases most of drop in last 1.5 hours of trading
Citigroup's Lee: U.S. Recession Fear Is 'Ridiculous'
This article is for subscribers only.
U.S. stocks fell, with Dow Jones Industrial Average tumbling more than 250 points, amid mounting concern that central-bank efforts to support growth are losing their potency.
The Standard & Poor’s 500 Index pared losses in the last hour-and-a-half of trading, after earlier falling as much as 2.3 percent, while the Nasdaq 100 Index erased most of its decline. Banks led the retreat, with Citigroup Inc. and Bank of America Corp. falling more than 6.5 percent. Boeing Co. tumbled 6.8 percent after people familiar with the matter said regulators are probing its accounting.