The Dow has not closed down 100 points in 45 straight trading sessions, the longest streak since 2006.
Stocks fell almost 3 percent in
Major banks and investment funds have signed on for the swap, but it remains unclear whether hedge funds, which had already bought the bonds at a steep discount and may profit from bond insurance payouts if
The swap deal is vital for
In the U.S., worries about
On Tuesday, the
All but one of the 30 stocks that make up Dow,
Oil prices slipped
The price of gold fell
"Global growth fears now are hitting home, and we're seeing selling across the board," said
Yields on U.S. government debt also fell as investors moved their money into what they perceive to be a safer asset. The yield on the benchmark 10-year Treasury note fell to 1.94 percent from 2.01 percent late Monday. Bond yields fall when their prices rise.
Among stocks making big moves:
_ Weight loss company
_ Apple fell 1.6 percent, extending its two-day decline to 3.6 percent, one day before the expected release of its iPad 3 tablet computer.
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