RTRS: US STOCKS-Economic worries, Citi weigh down Wall Street
NEW YORK, Nov 17 (Reuters) - U.S. stocks fell on Monday on concerns of an accelerating global slowdown after Japan fell into recession and Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), the No. 2 U.S. bank, said it would cut 52,000 jobs, far more than had been expected.
The Dow Jones industrial average .DJI fell 223.81 points, or 2.63 percent, at 8,273.50. The Standard & Poor's 500 Index .SPX slipped 22.55 points, or 2.58 percent, at 850.74. The Nasdaq Composite Index .IXIC edged down 34.80 points, or 2.29 percent, at 1,482.05. (Reporting by Rodrigo Campos; Editing by Leslie Adler)
