NEW YORK, Feb 23 (Reuters) - The Dow Jones industrial
average and the S&P 500 slumped to a 12-year low on Monday on
fading confidence that the U.S. government will be able to
stabilize the financial system.

* Techs lead session decline; IBM (IBM.N: Quote, Profile, Research) falls 5 percent

* The Dow Jones industrial average .DJI slid 250.89
points, or 3.41 percent, to 7,114.78. The Standard & Poor's 500
Index .SPX fell 26.72 points, or 3.47 percent, to 743.33. The
Nasdaq Composite Index .IXIC dropped 53.51 points, or 3.71
percent, to 1,387.72.
(Reporting by Rodrigo Campos; Editing by Leslie Adler)