MarketS DailY - Feb 24

US Markets
Dow 7115-250.89 (-3.41%)
Nasdaq 1388-53.51 (-3.71%)
S&P 743-26.72 (-3.47%)

Europe
FTSE 100 3851-38.33 (-0.99%)
CAC 40 2728-22.68 (-0.82%)
DAX 30 3936-78.21 (-1.95%)

Asia at 9 30 AM
Nikkei 225 7184-192.22 (-2.61%)
Hang Seng 12653-521.75 (-4.11%)

SGX Nifty 2684 -51 pts

Commodities
Light Crude (NYM) 38.44 (-1.59)
Gold (CMX) 995.00 (-7.20)

News Today

*The Dow and S&P 500 has tumbled to levels not seen in nearly 12 years, ending at the lowest point since May 1997.

* President Obama raises concerns over the rising deficit, aims to cut it to half by end of his first term at office.

* The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday.

* Swiss banks lost more than a quarter of their deposits last year as customers withdrew some 1.41 trillion Swiss francs ($1.21 trillion) amid financial crisis.

* Citigroup, with assets worth $1.95 trillion or Rs 9,72,075 cr, now values less than SBI, India's largest bank.