RTRS: US STOCKS SNAPSHOT-Wall St falls as Dow Chemical tumbles
U.S. stocks extended declines on Monday as the collapse of a joint venture between Kuwait and Dow Chemical threatened to unravel one of the large merger deals of the year and overshadowed gains in energy shares.
* Dow Chemical (DOW.N) tumbled nearly 20 percent the day after Kuwait's decision to end a $17.4 billion petrochemical joint venture, igniting worries the largest U.S. chemical company would not be able to buy rival Rohm & Haas (ROH.N). Shares of Rohm & Haas slid close to 22 percent. For details, see [ID:nN29304922].
* The Dow Jones industrial average .DJI fell 89.93 points, or 1.06 percent, to 8,425.62. The Standard & Poor's 500 Index .SPX was down 10.76 points, or 1.23 percent, at 862.04. The Nasdaq Composite Index .IXIC lost 27.71 points, or 1.81 percent, to 1,502.53. (Reporting by Leah Schnurr, Editing by Chizu Nomiyama)
