Selloff Accelerates as More Disappointing News Grab the Headlines
SondraHunterThe slump in financial markets continued as more unwelcome news was received. Eurozone's PMI deteriorated sharply in September, raising worries over a double-dip recession in the region. In the US, 3 banks were downgraded by Moody's amid expectations on collapse of the country's banking system. FedEx trimmed its profit forecasts, intensifying fears of an economic downturn. The selloff in Wall Street accelerated with DJIA and S&P 500 losing -3.51% and -3.25% respectively.
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Selloff Accelerates as More Disappointing News Grab the Headlines
