Showing posts with label Stock's Can't recover from early plunge. Show all posts
Showing posts with label Stock's Can't recover from early plunge. Show all posts

Friday, 19 August 2011

Stock's Can't recover from early plunge, Dow ends below 11k


Just when Wall Street seemed to have settled down, a barrage of bad economic reports collided with fresh worries about European banks Thursday and triggered a global sell-off in stocks.
The Dow Jones industrial average fell 419 points — a return to the wild swings that gripped the stock market last week.
Stocks were only part of a dramatic day across the financial markets. The price of oil fell more than $5, gold set another record, the government's