Friday, May 22, 2009

UK downgrade threat sends Wall Street into third-day retreat

Nevil Gibson | Friday May 22 2009 - 06:49am

The prospect of a downgrade in the UK government's credit rating and mixed signals on the state of the US economy sent stocks on Wall Street for a third day.

The Dow Jones Industrial Average declined 129.91 points, or 1.5%, to close at 8292.13, and the S&P 500-stock index slid 15.14, or 1.7%, to 888.33.

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It appears Wall Street is being squashed from across the pond.

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