Wall Street declines; Dow ends 60 points down & Asian markets trading weak; Hang Seng slips 1.2%

In the US markets, stocks ended lower amidst gloomy outlooks from companies like Toyota Motors. That stock closed 5.5% down. The other stocks which lost traction include General Motors with a 20% loss and Apple, which lost 5%. The next 2 days is choc-a-bloc with economic data.

Toyota is expecting its first operating loss since 1941. There are reports from Toyota & Caterpillar predicts a slump in global economy and lower energy demand.

The Dow fell 59.34 points, or 0.69%, to 8,519.77. The S&P 500 index slipped 16.25 points, or 1.83%, to 871.63, and the Nasdaq composite index declined 31.97 points, or 2.04%, to 1,532.35.