Underscoring worries about the economy's outlook, the World Bank said prospects for the global economy remain "unusually uncertain" as it cut 2009 growth forecasts for most economies.
The Dow Jones industrial average <.DJI> dropped 200.72 points, or 2.35 percent, to end at 8,339.01. The Standard & Poor's 500 Index <.SPX> was down 28.19 points, or 3.06 percent, at 893.04. The Nasdaq Composite Index <.IXIC> was down 61.28 points, or 3.35 percent, at 1,766.19.
NYMEX-NEW YORK, June 22 (Reuters) - U.S. crude oil futures fell on Monday, slumping almost 4 percent as a stronger dollar, weaker equities and liquidations as front-month July contract headed to expiration combined to pressure oil prices.
On the New York Mercantile Exchange, July crude
CBOT-SOYBEANS - July
Soybeans fell to near four-week low as weak-handed longs bail with weak crude oil futures, improved crop weather, and prospects for jump in U.S. soy acreage.
CBOT-SOYOIL - July
FCPO-KUALA LUMPUR, June 22 (Reuters) - Malaysian crude palm oil futures dropped as much as 5.1 percent on Monday as weaker oil prices weighed on global vegetable oil markets.
The benchmark September contract
REGIONAL EQUITIES-BANGKOK, June 22 (Reuters) - Most Southeast Asian stock markets fell on Monday, with losses in energy-linked heavyweights such as Sime Darby helping push Malaysia to a three-week low and PTT Exploration and Production leading falls in Thailand.
Malaysia's main stock index <.KLSE> dropped 1.3 percent, after earlier falling as much as 1.8 percent to its lowest since May 29, with Sime Darby
Singapore's index <.FTSTI> inched down 0.3 percent, erasing a 1.35 percent gain to a one-week high in morning trade. The Jakarta index <.JKSE> fell 0.8 percent, with Bank Rakyat