A day after the Dow leaped 936.42 points in its biggest one-day point gain ever, investors looked past the U.S. pledge to pour $250 billion into major banks and instead focused on the dismal outlook for earnings and the economy.
The Dow Jones industrial average <.DJI> was down 76.62 points, or 0.82 percent, at 9,310.99. The Standard & Poor's 500 Index <.SPX> was down 5.34 points, or 0.53 percent, at 998.01. The Nasdaq Composite Index <.IXIC> was down 65.24 points, or 3.54 percent, at 1,779.01.
NYMEX-NEW YORK, Oct 14 (Reuters) - U.S. crude futures ended more than $2 per barrel lower on Tuesday on concerns that the economy is slipping into recession.
Crude futures fell as equities markets retreated after gaining 11 percent on Monday as a massive bank rescue package failed to ease concerns over corporate profits, also seen as an indicator of potentially weaker demand for energy products.
On the New York Mercantile Exchange, November crude
CBOT-SOYBEANS - November
Following downturn in stock market and crude oil. NOPA crush data was bearish.
NOPA pegs U.S. September soy crush at 120.376 million bushels, below average trade estimate for 122 million.
CBOT-SOYOIL - October
FCPO-JAKARTA, Oct 14 (Reuters) - Malaysian palm futures finished up 0.82 percent on Tuesday, extending a rebound from a day earlier, but off their best amid concerns that the demand outlook remains weak, traders said.
The benchmark December contract
REGIONAL EQUITIES-SINGAPORE, Oct 14 (Reuters) - Southeast Asian markets rallied
strongly on Tuesday as investors banked on concerted government efforts worldwide to ease the fast-spreading financial crisis, but analysts warned the rebound could be a bear market bounce.
The Philippine index <.PSI> surged 7.3 percent and Indonesian shares <.JKSE> rose 6.4 percent, leading gains in the region.Thai stocks <.SETI> jumped 5.2 percent on double-digit gains in banks, while Singapore <.FTSTI> closed 2.5 percent higher but
well off early highs