Dow falls over 961 points sharply

by khalid on 07/05/2010 · 0 comments

Stocks selloff sharply on thursday afternoon, extending the recent downturn as investors continued to worry that Europe’s debt problems will slow a bigger global economic recovery.

The Dow Jones industrial average (INDU) lost as much as 961 points in volatile trading. At 2:50 p.m it was down 961 points, or 8.84% lower. The Nasdaq composite (COMP) dropped 200 points, or 8.7%. It dropped sharply at 2:50 p.m. 2200 level but recovered in the same manner in few minutes. It shows a continued worry in investors mind regarding Europe’s problem.

Chart of DJIA

Chart of NASDAQ

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