Dow slides on debt fears
July 27, 2011
NEW YORK (CNNMoney) -- Stocks retreated deep into negative territory on Wednesday as Congress remained stalled on raising the debt ceiling, and an economic report showed a significant slowdown in the U.S. manufacturing sector.
The Dow Jones industrial average (INDU) sank 205 points, or 1.6%; the S&P 500 (SPX) shed 27 points, or 2%; and the Nasdaq Composite (COMP) lost 76 points, or 2.7%.