LEAD: N.Y. stocks continue to drop on plunges in Asia.NEW YORK, Aug. 31 Kyodo
(ESDS: RECASTING WITH THE OF TRADING)
New York stocks kept falling Monday with the Dow Jones index slipping below 9,500 on investor concern about the world economy, which was rekindled after a plunge in Asian markets.
The Dow Jones Industrial Average Dow Jones Industrial Average
The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , which ended more than a week of its rising streak and finished 36.43 points lower last Friday, shed another 47.92 points to 9,496.28 on the last trading day Last Trading Day
The final day that a futures or options contract may trade or be closed out before delivery of the underlying asset must occur.
If the buying and selling parties do not arrange an alternate agreement, the physical commodity must be delivered from of August, ending below 9,500 for the first time since Aug. 20. The Dow grew about 300 points during August.
The tech-heavy Nasdaq Composite Index Nasdaq Composite Index
An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed , which inched up 1.04 points last Friday, lost 19.71 points to 2,009.06.
Selling outpaced buying from the outset of the day's trading as investors were worried that the Chinese economy, seen to act as a prime mover for the world economy, will not be put on a recovery track anytime soon following a 6.7 percent tumble in the key Chinese stock index earlier Monday.
The market was also weighed by a fall in crude oil prices, market analysts said.