NewsBreak: Wall Street Drubbing Continues; Dow Tumbles 450

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© Reuters. © Reuters. – Sharp selling in the stock market continued in morning trading Wednesday, with the major indexes moving to session lows as concerns about the U.S. economy remained following a weak report on .

  • The fell 450 points, or 1.7%. Johnson & Johnson (NYSE:) and UnitedHealth Group (NYSE:) were the only components in the green as money went to defensive names.
  • The fell below 2,900, a level it hasn’t closed below since August, and was down 1.6%. The was off 1.6%.
  • also sank as the government reported a bigger-than-expected rise in inventories. Interest rates were down, with the yield slipping to 1.608%.
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