| Dow 7063 |  | -119.15 | (-1.69%) |
| Nasdaq 1378 | | -13.63 | (-0.98%) |
| S&P 735 | | -17.74 | (-2.36%) |
Europe
| FTSE 100 3830 | | -85.55 | (-2.18%) |
| CAC 40 2702 | | -42.36 | (-1.54%) |
| DAX 30 3844 | | -98.88 | (-2.51%) |
Asia at 9 30 AM
| Nikkei 225 7270 | | -298.64 | (-3.95%) |
| Hang Seng 12307 | | -504.94 | (-3.94%) |
SGX Nifty 2656 - 71pts
Commodities
| Light Crude (NYM) | 44.76 | (-0.46) |
| Gold (CMX) | 942.50 | (-0.10) |
News Today
* European Union leaders are meeting for an emergency summit in Brussels called by Czech Prime Minister Mirek Topolanek, whose country holds the rotating EU presidency, amid growing fears that national protectionism will sabotage coordinated efforts to reverse the current economic decline.
* Gross domestic product, which measures the output of goods and services produced in the United States, fell at an annual rate of 6.2% in the fourth quarter according to a preliminary report.
* The Dow and S&P 500 hover near 1997 levels.
* Following Berkshire's worst year on record, Chairman Warren Buffett in his letter tells shareholders the economy will remain in 'shambles' this year and beyond.
* The boards of Reliance Industries (RIL) and Reliance Petroleum (RPL) will be meeting on March 2 to consider amalgamation of both the companies.This will be yet another instance when RIL, the biggest private refiner in the country, would merge its refining subsidiary with itself.
