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News from Reuters

Stocks fall at open on Dubai default fears

27/11/09

NEW YORK (Reuters) - U.S. stocks slid 2 percent at the open on Friday as a possible debt default at a Dubai state-owned conglomerate prompted fears of renewed global financial turmoil.

The Dow Jones industrial average <.DJI> fell 206.09 points, or 1.97 percent, to 10,258.31. The Standard & Poor's 500 Index <.SPX> tumbled 26.36 points, or 2.37 percent, to 1,084.27. The Nasdaq Composite Index <.IXIC> dropped 55.80 points, or 2.56 percent, to 2,120.25.

(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)

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