Dow Tumbles 180 Amid Global Fears

Traders also wonder whether rate hike is coming
By Newser Editors and Wire Services
Posted Nov 9, 2015 3:25 PM CST
Dow Tumbles 180 Amid Global Fears
Trader Gregory Rowe, center, works on the floor of the New York Stock Exchange, Monday, Nov. 2, 2015.    (AP Photo/Richard Drew)

The stock market had its biggest fall in two weeks as investors worried that the global economy could be slowing. Traders were also worrying Monday that last week's strong jobs report opened the way for the first rate hike from the Federal Reserve in nearly a decade. Priceline plunged 10% after its forecast for the fourth quarter came in weaker than analysts were expecting. The Dow Jones industrial average dropped 180 points, or 1%, to 17,730. The Standard & Poor's 500 index fell 20 points, or 1%, to 2,078. The Nasdaq composite fell 51 points, or 1%, to 5,095. Bond prices fell. The yield on the 10-year Treasury note rose to 2.35%. (More stocks stories.)

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