Hi Maldowl,
The excuse is a poor jobs number in the US - too many new government jobs and not enough private sector jobs created for the month of May.
Secondly, the EURO has fallen below $1.20 support against the greenback on fears that Eastern Block countries are harbouring bad debts that could infect the global banking system.
dow closes down * -323.68 (-3.16%)*, page-5
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