Forget Yesterday's Gains: Dow Down 400+

Underlying fears about the global economy weigh heavily
By Kate Seamons,  Newser Staff
Posted Aug 10, 2011 8:45 AM CDT
Updated Aug 10, 2011 10:59 AM CDT
Stocks Open Way Down, Dow Sinks 300+
Traders crowd around a post on the floor of the New York Stock Exchange at the opening bell August 9, 2011.   (Getty Images)

Moan. Here we go again. Yesterday's big gain was largely erased at the opening bell today—and was pretty much entirely erased by 11am EST—over fears about the global economy. The Dow fell as much as 446 points, and is currently down around 400 points. Nasdaq and the S&P 500 have sunk about 3% each, down about 74 and 37 points, respectively, reports MarketWatch, which notes that gold has topped $1,800 an ounce. (Read more Wall Street stories.)

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