US stocks collapses in a frustrating first of the quarter

FXStreet (San Francisco) - Wall Street closed with big losses as investors traded depressed following news from Ebola's spread, declines in PMIs across the world and Freddy and Fannie Mae's courts decision to maintain the halt of corporate dividends.

The Dow Jones collapsed 238.19 points or 1.40% to finish the day at 16,804.71; the S&P 500 eased 26.13 pts or 1.32% to 1,946.16; while the Nasdaq Composite fell 71.31 pts or 1.59% to close the session at 4,422.08.

Oil extended yesterday's losses and it fall to test 90.40 area. The gold posted its first positive day in four days and it closed at 1,213.80.