U.S. markets slide Monday

The Treasury released details of the stress tests done on 19 of the country's largest banks Thursday. Shares of Capital One Financial, U.S. Bancorp and BB&T fell after the companies said they would sell stocks to increase their cushions and repay government bailout funds, The Wall Street Journal reported.

In midmorning trading, the Dow Jones industrial average lost 105.46 points, or 1.23 percent, to 8,469.19. The Standard & Poor's 500 fell 1.50 percent, 13.93 points, to 915.30. The Nasdaq composite index shed 7.90 points, 0.45 percent, to 1,731.10.

The benchmark 10-year U.S. Treasury bond rose 18/32 to yield 3.223 percent.

The euro against the dollar was at $1.3620, compared to Friday's $1.3528. Against the Japanese yen, the dollar fell to 97.51 yen, compared to Friday's 98.46 yen.
In Tokyo, the Nikkei average gained 19.15 points to 9,451.98, up 0.2 percent.

Copyright 2009 by United Press International.