Market slump widens on rail strike signals and rates
Stocks fell sharply as the Dow dropped to a low not seen since April amid signals from a nationwide rail walkout and production cutbacks. Analysts cited higher short term rates and a record balance of payments deficit weighing on sentiment. Volume on the NYSE eased to 15.9 million shares with 21 advances and 210 declines, while the S&P 500 slipped to 100.69.
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