Signs of a weaker US housing market and a gloomier outlook on the economy gave investors more reasons to dump stocks today.

Shares of Goodyear Tire & Rubber have rallied as the company reached a tentative agreement with the United Steelworkers of America regarding a three-year labour contract.

Goodyear Tire & Rubber has lost more than $73m (€64.2m) in the second quarter as raw material costs and one-time charges took a toll on results, the company has said.