NEW YORK - The majority of stocks traded on U.S. exchanges fell in trading Monday (05/23/2011) local time. Conditions were even dragged the Standard & Poor's 500 experienced the biggest decline in two months.At 16.00 hours New York time, the S & P fell 1.2 percent to 1317.37, the biggest since March 16. While the Dow Jones Industrial Average fell 1.1 percent to 12381.26.
A number of shares which affect the U.S. stock movements, among others, Freeport-McMoRan Copper & Gold Inc., Halliburton Co. and Caterpillar Inc. with decreased respectively by 1.9 percent. In addition, the decline was also experienced by the Bank of America Corp. and Citigroup Inc. with 1.3 percent decline. While Boeing Co. fell 1.6 percent.
"We see the market do not want to risk as investors worried about debt default crisis in Europe and a number of other global economic issues," said Mark Bronzo, analyst at Security Global Investors in New York.
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