SubscribeAll Posts Tagged With: "eurofirst"
World Markets Plunge on Recession Fears
Equity markets around the world nosedived today (Friday) as fears of a global recession intensified.
At noon ET today, the blue-chip Dow Jones Industrial Average Index had plunged 267.46 points (-3.08%), to trade at 8,423.79. The tech-laden Nasdaq Composite Index shed 34.67 points (-2.16%), to reach 1,569.24. And the broader Standard & Poor’s 500 Index dropped 28.63 points (-3.15%), to hit 879.48.
The S&P 500 is 45% down from its peak.
Story continues below…
|
Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” |
“It’s a bear market on steroids,” David King, a money manager at Putnam…
27Oct2008 | Money Morning | Comments Off | Continued
Loading ...
