10/04/2012 | World
The selloff in US stocks accelerated, as the Dow and S&P 500 dropped for a fifth day, with the pullback coming on the cusp of earnings season. The slide marked the S&P 500's worst day since Dec. 8. The declines were the largest losses this year in terms of both points and percentage drops for each of the three major US stock indexes. Meanwhile, European shares hit a 10-week low as fresh concerns about global growth and pressure on some highly indebted euro zone countries hurt cyclical stocks.