Business Standard

Wall Street down after World Bank's Asia outlook

Dow Jones, S&P 500 index and Nasdaq down 0.5% each

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Reuters New York

US stocks fell on Monday after the World Bank cut its growth forecasts for East Asia, underscoring concerns about the global economic climate and corporate profits on the cusp of the kickoff of the quarterly earnings season.

The Dow Jones industrial average was down 41.40 points, or 0.30%, at 13,568.75. The Standard & Poor's 500 Index was down 5.14 points, or 0.35%, at 1,455.79. The Nasdaq Composite Index was down 16.92 points, or 0.54%, at 3,119.27.

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First Published: Oct 08 2012 | 7:14 PM IST

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