Stocks sag on economic uncertainty »
Posted By STONERS 1 year, 7 months ago in Business & FinanceStocks fell on Monday, weighed down by uncertainty over the health of the U.S. economy and surging oil and commodity prices, while Japanese exporters felt the pinch from a stronger yen.
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STONERS1 year, 7 months ago
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"The dollar held steady but remained on the defensive after a sharp fall on Friday following news that American International Group (AIG.N), the world's biggest insurer, posted its largest ever quarterly loss and said it planned to raise $12.5 billion in fresh capital."
"The announcement, together with crude oil's record high above $126 a barrel, heightened concern about the health of the U.S. economy, and sent the Dow Jones industrial average (.DJI) down 0.9 percent."
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