Updated from 10:50 a.m. EDT
Stocks in New York opened Monday on a downbeat and continued falling deeper into negative territory after the release of existing-home sales data and uncertainty about the fate of several struggling financial-services companies left investors in a selling mood.
The Dow Jones Industrial Average gave back 212 points to 11,416, and the S&P 500 slipped 22 points at 1270. The Nasdaq skidded 47 points to 2367.
On Friday, the markets closed with substantial daily gains following a report that troubled brokerage Lehman Brothers (LEH Quote) may have found a buyer in Korea Development Bank. Traders were also encouraged by statements from Federal Reserve Chairman Ben Bernanke that suggested the central bank would not be raising interest rates before the end of the year. ...
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