U.S. markets down as crisis in Europe deepens

DUBLIN — Italian unions geared for a strike against planned budget cuts Tuesday, and a core group of European finance ministers were expected to confer in Berlin, as officials struggled to halt a slow-motion crisis that is slamming world stock markets.

U.S. markets opened sharply down on Tuesday, with energy, tech and financials leading the sell-off. The Dow Jones Industrial Average fell 2.37 percent, the S&P 2.53 percent and Nasdaq 2.17 percent.

In Europe, exchanges were mixed, following a dramatic sell-off on Monday that pushed major indexes down more than 5 percent.

Read full article >>

Jon Cohen 06 Sep, 2011

--
Source: http://feeds.washingtonpost.com/click.phdo?i=33ce50ae870e73951552814e642090ab
~
Manage subscription | Powered by rssforward.com