Dow Plunges 520

Nasdaq and S&P 500 plummet, too
By John Johnson,  Newser Staff
Posted Aug 10, 2011 3:06 PM CDT
Dow Plunges 520
Trader Peter Tuchman works on the floor of the New York Stock Exchange Wednesday.   (AP Photo/Richard Drew)

Yesterday's big market gains vanished and then some today as investors worried about Europe's debt problems and the weak US recovery, reports MarketWatch.

  • Dow: Down 520 points, or 4.6%, to 10,719
  • S&P 500: Down 52 points, or 4.4%, to 1,121
  • Nasdaq: Down 101 points, or 4%, to 2,381

"Markets are having an extremely difficult time here—volatility is rising and the speed and voracity of these declines is so rapid I don't think anyone can wrap their heads around this," a market strategist at Banyan Partners tells the Wall Street Journal. At one point, gold rose above $1,800 an ounce for the first time as people looked for safe havens, notes AP. (More Dow Jones stories.)

Get breaking news in your inbox.
What you need to know, as soon as we know it.
Sign up
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X