NEW YORK (AP) — A worldwide swoon for financial markets is carrying over to Wall Street, and stocks are slipping further on Wednesday.
The S&P 500 was 0.6% lower in early trading, a day after dropping 1.1% as the U.S. government creeps closer to a possibly disastrous default on its debt. The Dow Jones Industrial Average was down 152 points, or 0.5%, at 32,902, as of 9:45 a.m. Eastern time, while the Nasdaq composite was 0.6% lower.
Other markets around the world were hit even harder as discouraging figures piled up on the economy. Stock indexes tumbled 1.9% in London, 1.8% in Frankfurt and 1.6% in Hong…
