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Dow Skids 300 as Recession Worries Hit

Posted By admin On September 22, 2011 @ 8:12 am In Money Watch | Comments Disabled

JeeYeon Park
CNBC.com [1]
Sept 22, 2011

Stocks tumbled sharply across the board Thursday after a gloomy outlook from the Federal Reserve and weak manufacturing reports from Europe and China raised further concerns the global economy could sink back into recession.

The Dow Jones Industrial Average plunged heavily, led by United Tech [UTX 69.515 -5.355 (-7.15%) ] and Alcoa [AA 10.19 -0.65 (-6%) ] after finishing lower in the previous session. The Dow was down more than 370 during its intraday low.

The S&P 500 and the Nasdaq also declined sharply. The CBOE Volatility Index, widely considered the best gauge of fear in the market, soared near 41.

All 10 S&P sectors remained deep in negative territory, led by materials and energy.

Full article here [1]


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URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/44624491

[2] Stocks Tumble at Open Amid Economic Fears: http://www.prisonplanet.com/stocks-tumble-at-open-amid-economic-fears.html

[3] Stocks Lag Amid Debt Talk Worries; Gold Soars: http://www.prisonplanet.com/stocks-lag-amid-debt-talk-worries-gold-soars.html

[4] Stocks Sharply Lower on EU Fears, Led by Techs: http://www.prisonplanet.com/stocks-sharply-lower-on-eu-fears-led-by-techs.html

[5] Dow falls 100 amid mounting worries over Syria, all S&P sectors lower: http://www.prisonplanet.com/dow-falls-100-amid-mounting-worries-over-syria-all-sp-sectors-lower.html

[6] Dow Skids 600, Worst Day Since Credit Crisis: http://www.prisonplanet.com/dow-skids-600-worst-day-since-credit-crisis.html

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