Dow 6594 | -281.40 | (-4.09%) | |
Nasdaq 1300 | -54.15 | (-4.00%) | |
S&P 683 | -30.32 | (-4.25%) |
Europe
FTSE 100 3530 | -116.01 | (-3.18%) | |
CAC 40 2570 | -106.05 | (-3.96%) | |
DAX 30 3695 | -195.45 | (-5.02%) |
Asia at 9 30 AM
Nikkei 225 7214 | -219.29 | (-2.95%) | |
Hang Seng 12074 | -137.50 | (-1.13%) |
SGX Nifty 2525 - 31 pts
Commodities
Light Crude (NYM) | | 43.61 | (-1.77) |
Gold (CMX) | | 927.80 | (+21.10) |
News Today
* U.S. stocks have plunged to fresh 12-year lows as investors digested more grim news.
* GM said its survival is in doubt, bank shares took a beating, and Citigroup fell below $1 mark for the first time in history. All-time high: $57.
* Keith Sherin GE CFO says the speculation on risk in GE Capital is "overdone" and vows to "dive deep" into numbers with analysts on March 16.
* The European Central Bank and the Bank of England both cut their key interest rates to historic lows on Thursday in a bid to revive their ailing economies. ECB president Jean-Claude Trichet said the bank had downgraded its predictions for growth in the 16-nation eurozone.
* GM More Open to Bankruptcy : Top General Motors executives are more open to a speedy bankruptcy reorganization financed by the government. (Annual report).