Stocks Kick Off New Quarter with Losses

The Dow fell despite good news from 3M, while the plunge in WorldCom and losses in other techs dragged the Nasdaq down 4%

Stocks kicked off the third quarter Monday with broad losses. A plunge in shares of WorldCom (WCOME ), along with losses in other tech and biotech stocks, were the biggest drags on the market. Continuing concerns about accounting, along with some weak economic data, added to the sour mood.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.