Dow Falls 186, Biggest Drop Since July 2

Worldwide shocks worry investors
By Nick McMaster,  Newser Staff
Posted Aug 17, 2009 3:32 PM CDT
Traders work on the floor of the New York Stock Exchange, Monday, Aug. 17, 2009.   (AP Photo/Seth Wenig)
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(Newser) – Stocks continued to decline after drops in world markets proved to be contagious at the open, with the Dow falling the most since July 2, the Wall Street Journal reports. The worldwide stock decline had investors scrambling to Treasurys and other safe havens. Home-improvement retailer Lowe's fell 10% after reporting a 19% drop in quarterly earnings. The Dow fell 186 points to close at 9,135. The Nasdaq shed 55 points, closing at 1,931, and the S&P 500 dropped 24 points to settle at 980.