Wednesday, May 26, 2010

Breaking News: Dow closes below 10,000

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***USATODAY.com Breaking News***

NEW YORK (AP) - A late-day stock market selloff has given the Dow Jones industrial average its first close under 10,000 in nearly four months. After sending stocks higher for much of the day on upbeat U.S. economic reports, traders gave in to persistent worries about Europe. The Dow, up as much as 135 points in afternoon trading, fell 69, or 0.7%, to 9,974. The average last closed below 10,000 on Feb. 8. The Standard & Poor's 500 index closed down 6, or 0.6%, at 1,067. The Nasdaq composite index lost 15, or 0.7%, to close at 2,195.

For more on this story, go to http://www.usatoday.com.


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