US: Growing conviction that the U.S. is in a recession sent stocks plunging in their worst three-day decline since 2002. Exxon Mobil Corp., General Electric Co. and Bank of America Corp. led the drop after the Federal Reserve said manufacturing in the Philadelphia region slid to a six-year low and Merrill Lynch & Co. posted a loss double analysts' estimates.
Europe: European stocks fell for a third day, led by mining companies and carmakers, after a regional gauge of U.S. manufacturing declined more than forecast.
Asia: Asian stocks outside Japan fell, led by raw-materials companies and food suppliers, on concern China's economic growth will slow at the same time as the U.S. slides into a recession.
Commodities: Crude oil fell to the lowest in more than a month on concern the U.S. economy may slip into recession, cutting fuel demand in the world's biggest energy consumer. Gold fell to a one-week low as a decline in the cost of oil and gasoline eroded demand for the precious metal as a hedge against inflation. Silver rose.
Currencies: The dollar approached a 2 1/2-year-low against the yen after Federal Reserve Chairman Ben S. Bernanke said the bank is ready ``to take substantive additional action'' to help the economy, while a manufacturing index sank.
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