NEW YORK - US stocks have significantly more low Monday as investors fretted increased about global economic growth and European debt woes after manufacturing slowdowns in the euro area and China.
Toward 1530 GMT the Dow Jones Industrial Average of blue chip stocks was down 144.21 points (1.15%) to 12,367.83.
Index of 500-stock broader S & P a 16.34 points (1.23%) to 1,316.93, while the tech-heavy Nasdaq Composite declined by 45.88 points (1.64%) to 2,757.44.
The poor opening for the week came after three consecutive weeks of losses in markets.
All 30 Dow components decreased with Caterpillar losing 3.1% and Boeing lost 1.9 per cent. The fate of the two is closely linked to economic growth, especially in emerging countries such as China.
Among tech stocks, Internet giant Baidu China lost 3.4%.
Titles of LinkedIn closes social networking which has more than doubled after going public last week at a price of IPO of $45, fell to 9.4% to $84.55.
"Averages major stock markets around the world have plummeted Monday in response to a lot of negative headlines on foreign issues,", said Patrick O'Hare to Briefing.com.
"In particular, investigations of manufacturing to China and the euro area may reveal a slowing of activity from April;" Standard & Poor cut its Outlook of rating of debt for the Italy to negative from stable; and the Spain Socialist party got overwhelmed in the local elections, raising concerns newly elected may find a picture of worse debt that had been disclosed, "he says.
The bond market rose while the dollar jumped against the euro. Performance on the end note for 10 years of the Treasury Board dragged to 3.11% of 3.15% Thursday, while on the binding of 30 years of 4.26% from 16: 30 per cent.
Prices of bonds and yields move in opposite directions.
