Baton Rouge, Louisiana
7 Day Forecast

Latest Weather Blog

Follow our weather team on social media

2011 gains are gone as selloff continues

4 years ago August 04, 2011 Aug 4, 2011 Thursday, August 04 2011 Thursday, August 04, 2011 10:25:21 AM CDT in News
Source: Associated Press

NEW YORK - Stocks are plunging in another broad sell-off as investors grow concerned about an economic slowdown in the U.S. and Europe.

The Dow Jones industrial average dove more than 350 points, erasing its gains for the year.

The latest sign of weakness in the U.S. economy was a report that the number of first-time claims for unemployment edged only slightly lower last week. It is the latest sign that the job market remains stagnant.

European stocks fell more than 3 percent because of concerns that Italy or Spain may need help from the European Union.


More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
7 Days