MarketS DailY - Mar 03

US Markets
Dow 6763-299.64 (-4.24%)
Nasdaq 1323-54.99 (-3.99%)
S&P 701-34.27 (-4.66%)

Europe
FTSE 100 3626-204.26 (-5.33%)
CAC 40 2581-121.02 (-4.48%)
DAX 30 3710-133.67 (-3.48%)

Asia at 9 30 AM
Nikkei 225 7252-28.64 (-0.39%)
Hang Seng 12075-242.63 (-1.97%)

SGX Nifty 2639 +10.5 pts

Commodities
Light Crude (NYM)
40.15 (-4.61)
Gold (CMX)



940.00 (-2.50)
News Today

* Its Blood on streets for the world markets, DOW tanks 300 points Falls Below 6,800 its Lowest Close Since ’97.

* UK FTSE tumbles to its lowest levels since 2003, Nikkei slips to 4 month lows.

*
Insurance giant AIG revealed a record quarterly loss of $62 billion.

* HSBC world largest banking group
said Monday that it will shutter much of its U.S. consumer lending business and raise $17.7 billion from shareholders after reporting a 70% drop in profit for 2008.

* Outlook for personal-computer industry worsens, with Gartner forecasting this year shipments will fall the most in eight years.