Stocks fall on worries about slower global economy

(AP) - Stocks have plunged after more signs of economicweakness triggered a global sell-off.The Dow Jones industrial average is down 419 points, or 3.7percent, to

NEW YORK - (AP) - Stocks have plunged after more signs of economicweakness triggered a global sell-off.

The Dow Jones industrial average is down 419 points, or 3.7percent, to 10,991. The S&P 500 is down 53, or 4.5 percent, to1,141. The Nasdaq composite is down 131, or 5.2 percent, to 2,380.

In the United States, there were reports that more people joinedthe unemployment line last week than a week earlier. Gasolineprices contributed to higher inflation. And manufacturing slowed inthe mid-Atlantic. Investors also worried about debt problems inEurope, where bank stocks fell on worries about their access tofunding.

The yield on the 10-year Treasury note briefly fell to a recordlow. And gold rose to a record high as investors moved intoinvestments considered safer.

advertisement | advertise on News 12

Trending Video

Weekend Travel Advisory, 3/24-3/26 1 Weekend Travel Advisory, 3/24-3/26
VIDEO: Interview with Newburgh fire chief 2 VIDEO: Interview with Newburgh fire chief
VIDEO: Rob Astorino blasts free tuition plan 3 VIDEO: Rob Astorino blasts free tuition plan
A New York architect has proposed a design 4 The Buzz: New York Skyscraper
Charlie Capalbo was the starting goalie for the 5 Fairfield community rallies behind hockey player with cancer

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE