Markets tumble on credit fears (more like REALITY!!)

elite_hunter_sh3 · 11-01-07, 06:39 PM

http://news.bbc.co.uk/2/hi/business/7073882.stm

World markets have plunged amid renewed fears about the credit crisis, sending shares in finance firms sharply lower. On Wall Street the Dow Jones Industrial Average shed more than 360 points or 2.6%, after two leading banks were downgraded earlier in the day.
The UK's FTSE 100 saw its largest one-day drop since the height of the credit crunch in August, down 135.5 points or 2.02%.
Benchmark European stocks had also ended lower in both France and Germany.
The Paris-based Cac 40 dropped 2% and Frankfurt's Dax ended 1.7% lower.

MARKET DATA - 23:40 UK

FTSE 100 6586.1

Dax 7880.9

-138.37 Cac 40 5730.9

-117.03 Dow Jones 13567.9

-362.14 Nasdaq 2794.8

-64.29 S&P 500 1508.4

-40.94 BBC Global 30 6088.6

all in the negatives...

11-01-07, 06:39 PM	#1
elite_hunter_sh3 The Old Man Join Date: Nov 2005 Posts: 1,376 Downloads: 6 Uploads: 0	Markets tumble on credit fears (more like REALITY!!) http://news.bbc.co.uk/2/hi/business/7073882.stm World markets have plunged amid renewed fears about the credit crisis, sending shares in finance firms sharply lower. On Wall Street the Dow Jones Industrial Average shed more than 360 points or 2.6%, after two leading banks were downgraded earlier in the day. The UK's FTSE 100 saw its largest one-day drop since the height of the credit crunch in August, down 135.5 points or 2.02%. Benchmark European stocks had also ended lower in both France and Germany. The Paris-based Cac 40 dropped 2% and Frankfurt's Dax ended 1.7% lower. MARKET DATA - 23:40 UK FTSE 100 6586.1 Dax 7880.9 -138.37 Cac 40 5730.9 -117.03 Dow Jones 13567.9 -362.14 Nasdaq 2794.8 -64.29 S&P 500 1508.4 -40.94 BBC Global 30 6088.6 all in the negatives...