Thursday, August 4, 2011
© Copyright 2013
Gwinnett Daily Post
Photo by Jin Lee
NEW YORK -- The stock market is finishing its worst day since the financial crisis.
The Dow Jones industrial average plunged more than 500 points Thursday. Investors are concerned that the U.S. economy will enter another recession and that Europe's debt problems are not closed to being solved.
Major stock indexes fell more than 4 percent.
The Dow is closing with a loss of 513 points, or 4.3 percent, to 11,384. It was the worst day for the Dow since October 22, 2008.
The S&P 500 is down 60, or 4.8 percent, to 1,200. The Nasdaq is down 137, or 5.1 percent, to 2,556.
Twenty stocks fell for every one that rose on the New York Stock Exchange. Volume was very heavy at 7.5 billion shares
More like this story
- Dow takes 512-point dive ( August 4, 2011 )
- Dow plunges more than 600 points ( August 9, 2011 )
- Dow closes over 13,000 for first time since 2008 ( February 28, 2012 )
- Dow drops 680 points as US officially declared in recession ( December 2, 2008 )
- Stocks rise early on signs of European growth ( June 14, 2010 )
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