THE INDEPENDENT: Stock markets across the world plunged into the red today as jittery investors sold off stock amid fears over US consumer spending.
A 1.5 per cent slump in London and falls in Japan were followed by a hefty decline on Wall Street, putting a dent in gains that have seen markets recover to levels not recorded since the onset of financial crisis.
The benchmark Dow Jones Industrial Average plunged in early trading, falling 182 points - or 2% - to 9,134.28 by mid morning.
New York opened today on the back of a 3% drop in the Nikkei in Tokyo and amid tumbling stocks in the FTSE 100.
It represented a continuation of the drift downwards which started on Friday as a result of poor consumer confidence figures in the US. >>> Matt Williams and Holly Williams, Press Association | Monday, August 17, 2009
