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Stocks Tumble at Open Amid Economic Fears
Posted By admin On August 10, 2011 @ 6:39 am In Featured Stories | Comments Disabled
August 10, 2011
Stocks opened sharply lower Wednesday following the previous session’s sharp rally as investors remained cautious over the prospects for the U.S. economy and the ongoing euro zone crisis.
The Dow Jones Industrial Average tumbled at the open, led by Disney and BofA, after surging over 600 points in the final hour of trading in the previous session amid a heavily volatile session.
The S&P 500 and Nasdaq also declined sharply. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded near 40.
All 10 S&P sectors slumped, led by financials and consumer discretionary.
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URLs in this post:
 CNBC: http://www.cnbc.com/id/44088463
 Stocks Sharply Lower on EU Fears, Led by Techs: http://www.prisonplanet.com/stocks-sharply-lower-on-eu-fears-led-by-techs.html
 Stocks Lag Amid Debt Talk Worries; Gold Soars: http://www.prisonplanet.com/stocks-lag-amid-debt-talk-worries-gold-soars.html
 Global Markets Tumble Amid Economic Fears: http://www.prisonplanet.com/global-markets-tumble-amid-economic-fears.html
 Dow Skids 300 as Recession Worries Hit: http://www.prisonplanet.com/dow-skids-300-as-recession-worries-hit.html
 U.S. Stocks Tumble, Sending Dow Below 9,000; GM, Insurers Slide: http://www.prisonplanet.com/us-stocks-tumble-sending-dow-below-9000-gm-insurers-slide.html
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