Stocks drop after euro slumps, Dow falls below 10K
NEW YORK – The Dow Jones industrials plunged below 10,000 Tuesday after traders dumped stocks on expectations that the world economy will weaken in the coming months. The Dow fell about 200 points in afternoon trading. It has fallen about 1,340 points, or nearly 12 percent, from its recent high of 11,205, reached April 26. The Dow and broader stock indexes all fell about 2 percent. Investors also exited the euro and commodities including oil and again sought safety in Treasurys. That drove interest rates lower. More>>
NEW YORK – The Dow Jones industrials plunged below 10,000 Tuesday after traders dumped stocks on expectations that the world economy will weaken in the coming months. The Dow fell about 200 points in afternoon trading. It has fallen about 1,340 points, or nearly 12 percent, from its recent high of 11,205, reached April 26. The Dow and broader stock indexes all fell about 2 percent. Investors also exited the euro and commodities including oil and again sought safety in Treasurys. That drove interest rates lower. More>>