Financial Times FT.com

Wall Street slumps on economic fears

By Kiran Stacey in New York

Published: May 21 2009 14:07 | Last updated: May 21 2009 21:51

US stocks fell for a third consecutive session on Thursday on further signs that economic green shoots could wither before flowering into a recovery.

Rumours circulated the market during the day that the US could be next after the UK to have the outlook on its sovereign debt downgraded, and fears over what this could mean for government policy sparked a sustained sell-off.

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