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Stocks Drop Sharply Amid Uncertainty
Posted By admin On September 9, 2011 @ 10:02 am In Money Watch | Comments Disabled
NY Times 
Sept 9, 2011
Stocks on Wall Street declined sharply on Friday in the wake of a speech by President Obama on jobs that added to the uncertainty already weighing on financial markets over European sovereign debt and the weak economic recovery.
By midday, the Standard & Poor’s index of 500 stocks had fallen about 2.5 percent to 1,155.47. The Dow Jones industrial average lost 303.34 points, or 2.6 percent, to 10,992.47, and the Nasdaq composite index was down 2.27 percent to 2,471.97.
Most of the sectors in the broader market were down by 2 percent or more.
They followed indexes in Europe lower. By late afternoon, the FTSE 100 in Britain was down 2.4 percent. The Euro Stoxx 50 index was down 4 percent and the CAC 40 index in France was down 3.6 percent.
Stocks in Europe extended their losses after the European Central Bank said Jürgen Stark, a German who sits on the executive board of the E.C.B. and is known as an opponent of the bank’s bond-buying program, will resign his post. The DAX in Germany fell 2.6 percent.
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URLs in this post:
 NY Times: http://www.nytimes.com/2011/09/10/business/daily-stock-market-activity.html?_r=1&pagewanted=print
 European Stocks Fall Sharply as Debt Fears Hit Banks: http://www.prisonplanet.com/european-stocks-fall-sharply-as-debt-fears-hit-banks.html
 Stocks Sharply Lower on EU Fears, Led by Techs: http://www.prisonplanet.com/stocks-sharply-lower-on-eu-fears-led-by-techs.html
 Stocks Extend Longest Drop Since 2008 on Debt: http://www.prisonplanet.com/stocks-extend-longest-drop-since-2008-on-debt.html
 Stocks, Grains, Peso Drop on Swine Flu; Treasuries, Yen Gain: http://www.prisonplanet.com/stocks-grains-peso-drop-on-swine-flu-treasuries-yen-gain.html
 U.S. Markets Drop Sharply After Big Global Sell-Off: http://www.prisonplanet.com/u-s-markets-drop-sharply-after-big-global-sell-off.html
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