U.S. stocks fell, with
raw-material shares dragged lower as commodities retreated, a selloff
in biotechnology shares deepened and Volkswagen AG’s diesel-emissions
cheating scandal continued to rattle global auto stocks.
Fiat Chrysler
Automobiles NV fell 6.2 percent, while Ford Motor Co. and General Motors
Co. lost at least 2.8 percent. Dow Chemical Co. and Alcoa Inc. dropped
more than 1.3 percent amid sliding commodity prices. The Nasdaq
Biotechnology Index sank 2.9 percent after losing 4.4 percent Monday.
Apple Inc., Google Inc. and Facebook Inc. declined at least 1.9 percent.
The Standard &
Poor’s 500 Index lost 1.4 percent to 1,939.39 at 12:22 p.m. in New York,
after rising 0.5 percent yesterday. The Dow Jones Industrial Average
slid 216.33 points, or 1.3 percent, to 16,293.86. The Nasdaq Composite
Index slumped 1.8 percent. A gauge of volatility was headed for its
biggest gain in a month.
Source : Bloomberg
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