Dow Jones plunges over 200 points after Asia, Europe drop
Published: Nov. 21, 2007 at 5:11 PM
NEW YORK, Nov. 21 (UPI) -- The Dow Jones industrials plunged more than 200 points Wednesday as U.S. stock indexes following Asian and European losses amid growing economic fears.
The Dow closed down 211.10 points, or 1.62 percent, at 12,799.04, the lowest close since April 19. The broader Standard & Poor's 500 Index fell 22.93 points, or 1.59 percent, at 1,416.77.
On the New York Stock Exchange, 2,395 stocks declined and 816 advanced, on volume of more than 4.1 billion shares traded.
The technology-heavy Nasdaq Composite Index lost 34.66 points, or 1.33 percent, to 2,562.15.
All European markets closed down, with the French CAC 40 index dropping 2.22 percent, the German DAX 30 index losing 1.48 percent and Euronext Brussels' BEL 20 shedding 3.18 percent.
The pan-European Dow Jones Stoxx 600 index fell 3 percent.
Japan's Nikkei 225 stock index finished down 373.86 points, or 2.46 percent, at 14,837.66.
All Asian markets but Pakistan's closed down, with Hong Kong's Hang Seng losing 4.2 percent, the Korea Composite Stock Price Index falling 3.5 percent and Singapore's Straits Times Index shedding 2.7 percent.
The U.S. dollar fell to a record low 108.42 yen from 109.89 yen in New York late Tuesday. The euro rose to a record high $1.4857 from $1.4812.