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Empresas y finanzas

CORRECTED: Wall Street falls 5 percent after factory data


    (Corrects fall in headline to 5 percent from 4 percent)

    NEW YORK (Reuters) - Stocks extended losses on Monday after manufacturing data showing further contraction increased worries about the worsening world economic slump.

    Concerns that the 2008 holiday shopping season could cap off the bleakest year-end season for retailers contributed to the negative tone, along with a slide in financials and energy stocks.

    The Dow Jones industrial average was down 380.40 points, or 4.31 percent, to 8,448.64. The Standard & Poor's 500 Index tumbled 44.84 points, or 5 percent, at 851.40. The Nasdaq Composite Index fell 72.71 points, or 4.74 percent, at 1,462.86.

    (Reporting by Charles Mikolajczak; Editing by James Dalgleish)