“U.S. stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies. The three major indexes fell about 2 percent each, wiping out gains booked on Friday, though traders said thin, end-of-summer conditions may have exaggerated the moves,” Reuters reports.
N.Y. Sen. Hillary Clinton on Monday implored her supporters to back the presidential campaign of presumptive Democratic nominee Barack Obama. “Let there be no mistake about it, we are united,” she said.
The Beijing Olympics, which have been widely declared a success, ended Sunday night with closing ceremonies that included fireworks, hundreds of synchronized performers, and a handoff to London, which will host the next Summer Games in 2012. Beijing is now preparing to host the Paralympics for athletes with physical disabilities.