Thursday, September 22, 2011

News Alert: Dow Drops More Than 300 Points in Early Trading, Following European Losses

Breaking News Alert
The New York Times
Thursday, September 22, 2011 -- 9:41 AM EDT
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Dow Drops More Than 300 Points in Early Trading, Following European Losses

Global stock markets tumbled Thursday as investor pessimism about the outlook for the United States and European economies was deepened by weak data for the euro zone and a grim assessment from the Federal Reserve.

In the opening minutes of Wall Street trading, the Dow Jones industrial average was down 301.06, or 2.7 percent, 10.823.78. The Standard & Poor's 500-stock index lost 2.6 percent, and the Nasdaq composite was down 2.7 percent.

In afternoon trading Thursday in Europe, the main stock indexes were all down between 4 and 5 percent.

Read More:
http://www.nytimes.com/2011/09/23/business/global/daily-stock-market-activity.html?emc=na

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