The US markets gave up most of the previous days gains as GM bankruptcy looks likely and treasury bond auction attarcts little interest. The Dow closed down 173 points or 2.0% at 8300, the S&P500 was down 17 points at 893 and the Nasdaq was down 19 points or 1.1% at 1747.
Gold and oil both continued to climb higher. Gold was up $0.10 at $955.20/oz and crude oil was up $1.00 at $63.45/bbl.
