Wall Street slips on AmEx and tech sell-off

NEW YORK: Stocks fell on Monday after American Express Co said the number of people struggling to make credit card payments grew, erasing earlier
optimism that banks could return to profit in the downturn. An index of semiconductor shares fell 3.6 per cent, following a 13 per cent rise last week. The Dow Jones industrial average shed 7.01 points, or 0.10 per cent, to end unofficially at 7,216.97. The Standard & Poor's 500 Index fell 2.66 points, or 0.35 per cent, to 753.89. The Nasdaq Composite Index tumbled 27.48 points, or 1.92 per cent, to 1,404.02.
Source: Reuters