NEW YORK (AP) — Stocks plunged worldwide Thursday as more signs of economic weakness revived investors' fears of another recession. The Dow Jones industrial average fell 400 points in a return to the wild swings in the market last week.
The intense selling started as soon as trading began, and the Dow was down 528 points shortly after the opening bell. The drop ended four days of relative calm in the stock market.
Market strategists said investors were increasingly pessimistic about the economy. It wasn't just the day's economic reports — warnings like this one added to the gloom:
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.