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Stocks Fall Amid Concern About Europe’s Economy

Posted By admin On May 20, 2010 @ 3:29 pm In Economic Crisis | Comments Disabled

CHRISTINE HAUSER and MATTHEW SALTMARSH
The New York Times
May 20, 2010

  • A d v e r t i s e m e n t
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Stocks on Wall Street fell sharply on Thursday as uncertainty over Europe and financial regulation continued to weigh on the market.

At the close, the Dow Jones industrial average was down 376.36 points, or 3.6 percent, at 10,068.01. The Standard & Poor’s 500-stock index was down 43.46 points, or 3.9 percent, at 1,071.59 and the Nasdaq composite was down 94.36 points, or 4.1 percent, at 2,204.01.

Indexes in Europe and Asia were all lower.

New measures in Germany to ban naked short selling, uncertainty over financial regulation in the United States and persistent Euro zone troubles ganged up with Thursday’s disappointing jobless claims and signs of lagging economic indicators to smother any optimism about corporate results or signs of a recovery that might have lifted sentiment.

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