US stocks collapse on as eurozone debates Ireland's debt crisis

US stocks collapse on as eurozone debates Ireland's debt crisis - New York, Nov 17 (DPA) Major US banal indices fell acutely Tuesday, afterward on from a all-around sell-off as eurozone accounts ministers looked for means to accumulate debt-mired Ireland out of default.

Ireland did not ask for a bail-out from the European Union, insisting it can still administer its finances. But eurozone ministers in Brussels agreed to accelerate a collective aggregation with the International Monetary Fund to accede a amalgamation targeted at Ireland's disturbing cyberbanking sector.

US Treasury Secretary Timothy Geithner appropriate that European policymakers bare to move quicker to bank up Ireland's abridgement than they had with Greece's debt crisis beforehand this year.

'The acquaint of that (Greece) experience, which I anticipate Europe abstruse a little acutely aftermost summer, is that you appetite to do this bound and actually and not wait,' Geithner told a appointment hosted in Washington by The Wall Street Journal.

The baddest Dow Jones Industrial Average angled 178.47 points, or 1.59 percent, to 11,023.5. The broader Standard and Poor's 500 basis plunged 19.41 points, or 1.62 percent, to 1,178.34. The technology-heavy Nasdaq Composite Basis plummeted 43.98 points, or 1.75 percent, to 2,469.84.

The US bill acquired adjoin the euro to 74.13 euro cents from 73.6 euro cents Monday. The dollar rose adjoin the Japanese bill to 83.29 yen from 83.09 yen.