Global stocks see more hemorrhaging

0 Comments | AFP, March, 2007

NEW YORK (AFP) — Global stock markets saw more havoc Monday as Wall Street share prices failed to sustain a rebound and as investor jitters drove down values in Europe and Asia.

After a week of drubbing for most world markets and another day of turbulence in leading bourses, New York share prices started a wobbly rebound but sank late in the day.

The Dow Jones Industrial Average ended with a loss of 0.53 percent at 12,050 points. The tech-rich Nasdaq composite slid 1.15 percent and the broad-market Standard and Poor's 500 index lost 0.94 percent.

The late-day drop highlighted investor skittishness that has kept momentum for the market to the downside after eight strong months.

The market action followed the worst week in four years on Wall Street and...