Dow Falls 297 Points, World Markets Plunge on Greek Turmoil
A wave of selling is sweeping across Wall Street and stock markets around the world after Greece's prime minister said he would call a national vote on an unpopular European plan to rescue that nation's economy. Treasurys and other safe assets surged.The Dow Jones industrial average finished down nearly 300 points. It swung in 100 point bursts throughout the day as investors reacted to sometimes conflicting headlines about the next steps in Greece's long-running debt crisis.FULL STORY
More Stories
- Bowles Worried Deficit Supercommittee Will Fail
- Moody's: Debt Panel Not 'Decisive' for Downgrade
- CNBC: Expectations Rising for More Fed Easing
- Fitch: Greek Referendum Threatens Euro Stability
- Greek Referendum Ignites German Anger
If the European rescue falls through and Greece defaults on its debt, the ripple effect would be global. Europe could fall into recession, hurting a major market for American exports, and banks could severely restrict lending.
- Bozell: Cain Smeared Because He's Off 'Liberal Plantation'
- Bowles Worried Deficit Supercommittee Will Fail
- Republicans Pitching Jobs Plan to Iowa Voters
- Cain: No Harassment of Woman Paid ‘Settlement’
- Perry: End Energy Subsidies
- Huntsman: Investigate Oil 'Monopoly'
- 11 More Congressmen Demand Eric Holder Quit
- Restaurant Group Tries to Squelch Cain Talk
- Priebus: Obama Presidency Is a Failure
- Cain: One Woman Accuser Got Cash Settlement
- Wasserman Schultz: Bush Gave Us Hamas
- Cain Faces Questions about Campaign Financing
- Matthews: Obama Lacks Clinton, JFK's Charisma
- Cain Sings Away Troubles With Gospel Tune
- Boehner: High Hopes for Debt 'Supercommittee'
- Israel Retaliates for Palestinian UNESCO Vote
- Dow, World Markets Plunge on Greek Turmoil
- News Corp. Warned in '08 Its Journalists Broke Law
- Official: MF Global Admitted Using Client Money
- Palestinians Aim to Join 16 More UN Agencies
- Senate Passes $182B Spending Bill
- Libya's Next Problem: Hundreds of Dueling Militias
- FBI: Russian Spies Got Close to Obama Cabinet
- Bank of America Drops $5 Debit-Card Fee
- Dow Drops on Fears Over Greek Rescue Vote
No comments:
Post a Comment