US Stocks In Sharp, Broad-Based Decline; DJIA Down 200 Points

Date: Mon, Jun 15, 2009 at 6:02 PM

US Stocks In Sharp, Broad-Based Decline; DJIA Down 200 Points

U.S. stocks and commodities suffered sharp, broad-based declines on
Monday as investors unwound some of the bets that pushed blue chips
into positive territory for the year-to-date last week. The Dow Jones
Industrial Average came into Monday's action up almost 23 points for
2009 but recently gave back more than 200 points, trading down 2.3% at
8593.16. All 30 of its components fell. Among the big losers were
Alcoa, down 6%; Boeing, down 4.4% and Wal-Mart Stores, down 2.5%. A
rebound in the dollar sparked a nearly across-the-board decline in
commodities, which are traded globally in dollar terms.