New York - US stock markets slipped Monday led by financial shares as several large banks said they would sell additional shares to pay back government bailout funds. Losing financial shares included credit card issuers Capital One Financial Corp and American Express Co and banks BB&T Corp and JPMorgan Chase & Co.
The broad-based Standard & Poor's 500 Index slid 19.99 points, or 2.2 per cent, to 909.24. The blue-chip Dow Jones Industrial Average lost 155.88 points, or 1.8 per cent, to 8,418.77. The technology-heavy Nasdaq Composite Index shed 7.76 points, or 0.5 per cent, to 1,731.24.
The US currency rose against the euro to 73.67 euro cents from 73.34 euro cents on Friday. The dollar slipped against the Japanese currency to 97.51 yen from 98.47 yen.
