US stocks tumble

New questions about accounting practices at Tyco and Enron provoked a broad selloff on Wall Street today as investors grew more doubtful about the honesty of corporate bookkeeping in general.

US stocks tumble

New questions about accounting practices at Tyco and Enron provoked a broad selloff on Wall Street today as investors grew more doubtful about the honesty of corporate bookkeeping in general.

The Dow Jones industrials tumbled more than 200 points in a sharp decline that accelerated late in the session. Analysts said investors were concerned that other companies might have used the same type of accounting methods as Enron and Tyco. Amid weak corporate earnings forecasts, the news made stock purchases even less appealing.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited