Worries slam Wall StreetDow tumbles 130, Nasdaq skids nearly 2%, on selloff in China, big drop in durable goods orders.NEW YORK (CNNMoney.com) -- U.S. stocks tumbled at Tuesday's open, hurt by the biggest drop in Chinese stocks in a decade and a much weaker-than-expected reading on durable goods orders. The Dow Jones industrial average plunged about 130 points in the early going while the Nasdaq composite skidded 45, or about 1.8 percent. The Standard & Poor's 500 index sank 1.1 percent. Stocks in the news early Tuesday included Toyota (Charts), Wal-Mart (Charts), RadioShack (Charts), Hovnanian (Charts), CBS (Charts) and General Motors (Charts). |
|