STOCKS NEWS US-All 30 Dow components down in afternoon trade

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 U.S. stock market report [.N]
1431 ET 01Dec2008-All 30 Dow components down in afternoon trade
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 All 30 Dow components fell in afternoon trade on Monday, a day of broad
market weakness that came as investors fretted over holiday sales and a
deepening global recession.

 Leading the percentage decliners for the Dow was Citigroup (C.N), which
dropped 16 percent to $6.98. Hewlett-Packard (HPQ.N) fell by the smallest
amount, shedding 2.6 percent to $34.35.

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1421 ET 01Dec2008-Bernanke: economy under considerable strain
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 Federal Reserve Chairman Ben Bernanke Monday warned that the U.S. economy
was under considerable strain and that policy-makers must be ready to take
decisive action in order to protect jobs and growth.

 Bernanke said that it was "certainly feasible" that there could be further
interest rate cuts beneath the Fed's current 1 percent target, but suggested
that the Fed could use other measures to aid growth. [ID:nWEQ000439]

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1414 ET 01Dec2008-Wall St on track to break 5-day streak of gains
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 Monday's U.S. stock market tumble had Wall Street on course to snap a 5-day
streak of gains as investors fret about the deepening global economic slump.

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 Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1408 ET 01Dec2008-Markets continue to slide on economic concerns
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 Major U.S. markets treaded lower on Monday, hurt as news pointed to a
deepening economic crisis and investors fretted a weak holiday spending season.
Financial services companies and retailers were among the hardest-hit on
Monday. [ID:nN01514438]

 The Dow Jones industrial average .DJI fell 5.1 percent to 8,382.54 while
the S&P 500 .SPX slid 6 percent to 842.45 and the Nasdaq .IXIC tumbled 6.2
percent to 1,440.47.

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1349 ET 01Dec2008-JPM sees 2009 problems in commercial real estate
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 JPMorgan Monday said that commercial real estate credit problems would
intensify in 2009, following several months where commercial real estate
fundamentals began to rapidly signal widespread weakness.

 "As we move through 2009, the single most important determinant of how
commercial mortgage-backed securities credit performs will be the speed with
which global credit fundamentals continue to deteriorate," the firm wrote.

 The firm said that while any weakness would be detrimental, "a
faster-than-expected rate of deterioration would likely catch many investors
off-guard, feed into the risk aversion, and delay any hope for a recovery in
cash and synthetic spreads across the capital structure."

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1340 ET 01Dec2008-Value of Dow Chemical JV cut by 8 percent
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 The value of a planned joint venture between Dow Chemical (DOW.N) and
Kuwait Petroleum Corp has been cut by more than 8 percent in light of a sharp
slowdown in global demand.

 The venture, K-Dow Petrochemicals, was designed to make chemicals used in a
variety of products. The value was cut to $17.4 billion from $19 billion. [ID:
nL1460639]

 Dow Chemical shares were flat, trading up 8 cents at $18.63.

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1328 ET 01Dec2008-NBER: U.S. entered recession in December 2007
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 According to the National Bureau of Economic Research, the U.S. economy
slipped into recession in December 2007. The members of the NBER's business
cycle dating committee Friday decided that the 73-month economic expansion had
ended. [ID:nWAT010588]

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1205 ET 01Dec2008-Citigroup down, to buy highway division
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 Shares of Citigroup (C.N) tumbled on Monday after Sacyr Vallenhermoso said
it would sell its highway business to a private equity fund controlled by the
troubled bank for $10.22 billion. The sale will transfer 5.013 billion euro of
debt to Citigroup Infrastructure Investors. [ID:nL1239320]

 The stock, a Dow component, shed 12 percent to $7.30.

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1201 ET 01Dec2008-Meat co's down after Pilgrim files for bankruptcy
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 Shares of meat companies fell on Monday after Pilgrim's Price PPC.N filed
for Chapter 11 bankruptcy, claiming $3.75 billion in assets and $2.72 billion
in debts as of Sept. 27. [ID:nWEN1142]

 Pilgrim's Pride shares last traded at 63 cents, down 45 percent from their
opening price of $1.15. Among other meat companies, Smithfield Foods (SFD.N)
slid 4.6 percent to $6.50 and Tyson Foods (TSN.N) was off 3 percent to $6.52.

 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net