DJIA down 1.39% as indicators point down
The Dow Jones Industrial Average slid much of Monday, including a late sell off, and ended down 140.92 points or 1.39%, to 10,009.73, as investors continue to react to disappointing economic indicators. The benchmark index of 30 blue chip stocks is now down more than 4% for August with one trading day remaining. The S&P 500 index declined 15.67 points, or 1.5%, Monday to 1,049, and the Nasdaq Composite fell 33.66 points, or 1.56%, to 2,120. Last week, the Commerce Department revised its second-quarter GDP figure down to 1.6% from a prior estimate of 2.4% growth. And while Federal Reserve chairman Ben Bernanke said the central bank will do whatever it can to help stimulate growth, some analysts are starting to think the government is running out of options. Write to Jason Philyaw.