U.S. markets slide hard Monday

NEW YORK, Sept. 22 (UPI) -- U.S. market indexes slid hard Monday in a new era on Wall Street that included a temporary ban on short selling.

But, the ban's impact was mostly less trading, one trading executive told The Wall Street Journal.

"For every 100 shares that would've been sold short, there were 100 shares that would have been bought," the executive said. "Banning short selling doesn't really have a directional effect," he said.

By close Monday, the Dow Jones industrial average subtracted gains made Friday and a few points more. The DJIA lost 372.75 points or 3.27 percent to 11,015.69. The Standard & Poor's 500 fell 47.99 or 3.82 percent to 1,207.09. The Nasdaq composite index lost 94.92 points or 4.17 percent to 2,178.98.

On the New York Stock Exchange, 574 stocks advanced and 2,592 declined on a volume of 1.270 billion shares traded.

The benchmark 10-year U.S. Treasury bond fell 5/32 to yield 3.835 percent.

The euro fell to $1.4796, compared to $1.4839 Friday, while the dollar rose to 105.41 yen from 105.19 yen Friday.

In Tokyo, the Nikkei average gained 169.73 points to 12,090.59, up 1.42 percent.

The FTSE index in London fall 75.00 points to 5,236.30, off 1.41 percent.