CHRISTINE HAUSER and DAVID JOLLY
NY Times
Sept 6, 2011
Concerns about the debt crisis in Europe and global economic growth propelled financial markets downward on Tuesday as investors in the United States returned from a three-day weekend.
Wall Street took a tumble at the opening of trading Tuesday, taking cues from markets in Europe and Asia. Analysts said that the drop, which hit financial stocks particularly hard, was a carry-over from last week’s disappointing unemployment report in the United States and from news that major American banks were facing a federal lawsuit related to their handling of mortgage securities.
The market turmoil of recent weeks showed no signs of letting up. On Tuesday, gold rose to another nominal high, and the Swiss authorities took action to weaken the franc, which has soared because of its role as a haven.
In morning trading in New York, the Dow Jones industrial average of 30 stocks was down 2.4 percent, or 273.44 points, to 10,966.82. The Standard Poor’s 500-stock index lost 2.5 percent, and the Nasdaq composite fell 2.3 percent.
5 Responses to “U.S. Markets Drop Sharply After Big Global Sell-Off”
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what market???
(survival…no stocks available)
Concerns about the debt crisis in Europe and global economic growth propelled financial markets downward on Tuesday as investors in the United States returned from a three-day weekend.
PROVE THE DETERIORATING VALUE OF THE AMERICAN DOLLAR DIDNT CAUSE THIS, OR THE HURRICANE.
PROVE WHAT YOU SAY, ACTUALLY CAUSED WHAT HAPPENED TO HAPPEN.
I SAY YOU ARE FULL OF SHIT.
Yep. Start preparing yourself.
– C. Banks
click on profile name for more info on my latest video:
“HOW WILL YOU FACE THE AMERICAN APOCALYPSE IN 2011: how you can protect yourself and position yourself for the greatest wealth transfer in history.”
First by inflation then by deflation they steal your ASS sets. Very predictable, very destructive to a nation. Not to mention what happens to individuals/couples. These shits are responsible for the destruction of millions of families and marriages.
WHEN?
djust Reply:
September 6th, 2011 at 1:13 pm
Hopefully SOON