This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Dismal World Economy Causes Stocks to Fall

Posted in News, Archive, News, Happenings

Despite the passage of an economic stimulus plan this week, worldwide fears about the state of the financing industry continue to wreak havoc on the stock market.

Stocks slid Friday and the Dow hit new 6-year lows as investors around the world sold shares on growing pessimism about the global economy and the banking industry.

The gloom that afflicted Wall Street on Thursday spread across the globe. Investors in Asia and Europe grew increasingly despondent that governments could do anything to reverse the deepest recession since the Great Depression.

On Thursday, the Dow Jones industrials average broke through a bottom reached in November, pulled down by a steep drop in key financial shares. It was the lowest close for the Dow since Oct. 9, 2002, the depths of the last bear market.

Source:,  Stocks Fall as Global Jitters Spread



comments powered by Disqus