S&P lowers Fannie, Freddie, others joined to U.S.
The Dow Jones manufacturing norm fell almost 300 points, otherwise 3.2 percent. The S&P 500 farm animals symbol tumbled just about 5 percent. Investors seeking safety drove gold prices up and assets yields down. Mondays downgrades of the mortgage giants Fannie and Freddie reflected their close dependence on the U.S.