Dow loses 154 points to land at 10,309.
NEW YORK (AP) — Stocks tumbled as concern swept world markets
that financial trouble in the Middle Eastern city-state of Dubai
will upend a global economic recovery.
Major stock indexes have fallen from 13-month highs in a shortened
trading day Friday on worries about debt problems at Dubai’s
primary investment arm.
Investors’ broad retreat from riskier assets pushed Treasury prices
higher. The dollar gained against most other major currencies,
while commodities stumbled.
The Dow Jones industrials are down 155 at 10,310. The Standard &
Poor’s 500 index is down 19 at 1,092. The Nasdaq composite index is
down 38 at 2,138.
Five stocks fell for every one that rose on the New York Stock
Exchange. Volume totaled 649.8 million shares.
