NASDAQ at -5.17%
DJIA down 500 points
NEW YORK (MarketWatch) — U.S. stock indexes were slammed Monday and hit session lows as President Barack Obama defended the nation’s credit rating following Standard & Poor’s downgrade late last week. After falling as much as 459 points,
the Dow Jones Industrial Average /quotes/zigman/627449/delayed DJIA -3.82% was lately off 424.89 points at 11,019.72.
The Standard & Poor’s 500 Index /quotes/zigman/3870025
SPX -5.37% shed 57.76 points to 1,141.62.
The Nasdaq Composite Index /quotes/zigman/123127 COMP -5.25% declined 124.02 points to 2,408.39.