Stocks suffered the worst sell-off Thursday since the 2008 financial crisis. The Dow plunged more than 500 points on fears of a global economic slowdown.
U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets.
All three major indexes tumbled more than 4% Thursday and erased all their gains for the year. The indexes have also pushed into 'correction' territory - defined as a 10% drop from their highs earlier this year. Over the past 10 days alone, the Dow, S&P 500 and Nasdaq have dropped about 8%.
>+=+=+=+=+=+=+=+=+=+=+=
Click here now to see how a
highly trained Farmers agent can save you money.
By Farmers.
http://www.farmers.com
>+=+=+=+=+=+=+=+=+=+=+=
You have opted-in to receive this e-mail from CNN.com. To unsubscribe from Breaking News e-mail alerts, go to: http://cgi.cnn.com/m/clik?l=textbreakingnews
One CNN Center Atlanta, GA 30303
(c) & (r) 2011 Cable News Network
No comments:
Post a Comment