Lehman's slide began on news that talks about a possible investment into Lehman from Korea Development Bank had broken down, and it continued after Standard & Poor's rating agency said it could cut the investment bank's credit rating.
The Dow Jones industrial average <.DJI> was down 279.11 points, or 2.42 percent, at 11,231.63. The Standard & Poor's 500 Index <.SPX> was down 43.15 points, or 3.40 percent, at 1,224.64. The Nasdaq Composite Index <.IXIC> was down 59.95 points, or 2.64 percent, at 2,209.81.
NYMEX-NEW YORK, Sept 9 (Reuters) - U.S. crude oil futures dropped to a new five-month low on Tuesday as Hurricane Ike shifted its path away from most oil production facilities in the Gulf of Mexico and OPEC appeared likely to leave output targets unchanged.
NYMEX October WTI futures
CBOT-SOYBEANS - September
Boosted by some midday forecasts for a freeze late next week in the United States that could harm the soybean crop. Soy followed soymeal higher.
SOYOIL - September
FCPO-JAKARTA, Sept 9 (Reuters) - Malaysian crude palm oil futures fell nearly 5 percent on Tuesday to the lowest level in more than a year, rattled by weaker crude oil and comments from leading industry analysts, dealers said.
The benchmark November crude palm oil contract on the Bursa Malaysia Derivatives Exchange
REGIONAL EQUITIES-SINGAPORE, Sept 9 (Reuters) - Southeast Asian share markets retreated on Tuesday as optimism fizzled over the bailout of U.S.mortgage giants and sliding crude palm prices dragged down commodity stocks.
Indonesia slid 3.9 percent, weighed down by resources and banks, while Singapore dropped 0.9 percent, Malaysia shed 0.7 percent and Thailand 0.3 percent.
