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SPOOKED Dow Sees Lowest Close in a Year JOHN ANGELILLO

Dow Sees Lowest Close in a Year

It’s not just Europe that’s worried about Europe on Monday. U.S. stocks also followed world markets and tumbled, with the Dow falling 2.36 percent, or about 258 points, to close at its lowest level in more than a year. This after stocks closed out the worst quarter in almost three years last week. Asian stocks also fell, as investors fled from risky assets. Greece said earlier that it would miss its deficit targets this year, raising concerns that the country might not be able to get the bailout funds it needs to avoid default. Euro zone finance ministers also announced that they would not give any new aid until mid-November. Those worries offset the news that manufacturing and construction spending in the U.S. was better than expected.

October 3, 2011 11:15 PM