Stocks fall about 1% on global growth, Eurozone worries
NEW YORK --Stocks took a dive Thursday amid fears of slowing overseas growth and after Spain announced it would delay deciding whether to seek a bailout.
The Dow Jones industrial average fell 107 points, or 0.8%, to 13,001 in Thursday trading on Wall Street.
The broader Standard and Poor’s 500 index fell 11 points, or 0.8%, to 1,399. The Nasdaq was down 32 points, or 1.1%, to 2,049.
European and Asian economic data fueled fears of a slowdown, Bloomberg News reported. In the U.S., consumer spending rose but didn’t meet expectations.
Investors are awaiting Federal Reserve chairman Ben Bernanke’s speech at a conference in Wyoming on Friday, hoping for clues as to whether the central bank will pump more monetary stimulus into the U.S. economy.
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