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US: Wall St traders dump Boeing, bank stocks
[NEW YORK] Wall Street traders dumped stocks of major banks and airplane manufacturer Boeing Thursday as the global markets selloff persisted.
But the US markets finished well off their lows, having given up more than two per cent at one point during the day.
At the closing bell the Dow Jones Industrial Average was off 1.29 per cent and the S&P 500 down 1.23 per cent.
The Nasdaq Composite meanwhile gave up just 0.4 per cent.
Boeing shares lost 6.8 per cent on news the company was under investigation over accounting maneuvers that might have exaggerated its profitability outlook.