World stock markets fell Monday as another profit warning from Toyota weighed on investor sentiment. US stocks slid on Monday on more evidence the year-long recession will keep eating into corporate profits, while retailers tumbled on worry the holiday shopping season could be the worst in nearly 40 years. The Dow Jones industrial average fell 59.42 points, or 0.69 percent, to 8,519.69. The Standard & Poor's 500 Index was down 16.25 points, or 1.83 percent, at 871.63. The Nasdaq Composite Index gave up 31.97 points, or 2.04 percent, at 1,532.35. Japan's Toyota Motor Co said it would post an operating loss for the first time in 71 years, knocking its US shares more than 5 percent lower, while investors worried whether Washington's rescue package for General Motors would leave its shareholders out in the cold. GM plunged more than 20 percent. “From Toyota to developers to pharmacies, obviously we're in quite a recession and it's pretty obvious there's more pain to come,” said Warren Simpson, managing director at Stephens Capital Management in Little Rock, Arkansas. The FTSE 100 index of leading British shares closed down 37.77 points, or 0.9 percent, at 4,249.16 while Germany's DAX was down 57.68 points, or 1.2 percent, at 4,639.02. The CAC-40 in France fell 74.54 points, or 2.3 percent, to 3,151.36.
