Wall Street falls more than 1 percent

By IBTimes Staff Reporter | May 19 2010 10:32 AM

Stocks turned sharply lower and major indexes fell more than 1 percent in late-morning trade on Wednesday on investor concerns about Germany's decision to ban certain types of short selling.

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The Dow Jones industrial average <.DJI> was down 149.18 points, or 1.42 percent, at 10,361.77. The Standard & Poor's 500 Index <.SPX> was down 15.14 points, or 1.35 percent, at 1,105.66. The Nasdaq Composite Index <.IXIC> was down 39.49 points, or 1.70 percent, at 2,277.77.

(Reporting by Caroline Valetkevitch)

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