US stocks tumbled, extending a global slide in equities, as jobless claims climbed to a record and investors speculated government measures will fail to revive the world’s economy.
Bank of America Corp, American Express Co and Home Depot Inc declined more than 3.5 per cent after the total number of Americans collecting unemployment benefits reached 4.81 million. Electricite de France SA and Diageo Plc, the largest liquor maker, sank more than 3 per cent in Europe after posting disappointing results.
