The Dow Jones industrial average and the S&P 500 slumped to a 12-year low on Monday on fading confidence that the U.S. government will be able to stabilize the financial system.
Techs lead session decline; IBM
The Dow Jones industrial average <.DJI> slid 250.89 points, or 3.41 percent, to 7,114.78. The Standard & Poor's 500 Index <.SPX> fell 26.72 points, or 3.47 percent, to 743.33. The Nasdaq Composite Index <.IXIC> dropped 53.51 points, or 3.71 percent, to 1,387.72.
(Reporting by Rodrigo Campos; Editing by Leslie Adler)