Stocks Extend Plunge On Concerns About Greece

In one of the most dizzying half-hours in stock market history, the Dow Jones industrial average has plunged nearly 1,000 points amid worries about European debt.

The Dow has managed to recover two-thirds of its losses and close down 347 at 10,520. But all the major indexes lost 3 percent in a day that recalled the market turmoil of the 2008 financial crisis.

There were reports that a technical glitch hastened the selling. Even so emotions are running high. Traders are concerned that Greece's economic problems will hurt other European countries and ultimately, the U.S. recovery.

The Standard & Poor's 500 index is off 37 at 1,128. The Nasdaq composite index is off 82 at 2,319.

Only 173 stocks rose on the New York Stock Exchange while 3,002 fell. Volume came to an extremely heavy 2.57 billion shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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  • by Stanley Location: Greenville on May 6, 2010 at 06:31 PM
    HOW CAN WE MISS YOU WHEN YOUR MISTAKES ARE STILL HAUNTING US, WE WILL BE FEELING THE AFTER EFFECT OF PRESIDENT GEORGE BUSH FOR MANY YEARS. JUST LIKE THE RIGHT WING INSIST THAT THEIR GRANDCHILDREN WILL FEEL PRESIDENT OBAMA, SAME THEORY APPLIES..LETS BE FAIR AND BALANCED!!(and dont forget Cheney).
  • by Anonymous on May 6, 2010 at 04:28 PM
    Yes George we do, so do the liberals. It is getting harder and harder to blame you for everything.
  • by George Bush Location: Texas on May 6, 2010 at 03:14 PM
    Do you miss me yet?
  • by Anonymous on May 6, 2010 at 03:07 PM
    Flood, let me guess, you are referring to the Tea Partiers right? They have not shown any type of violent intentions. When the government breaks something, then they are responsible for fixing it. Medicare was broken but instead of fixing it they crammed healthcare down our throats. Maybe this oil spill disaster is Gods way of showing us the economic disaster that is heading our way. I dont think the current administration could fix a leaking toilet.
  • by The flood Location: Winterville on May 6, 2010 at 02:11 PM
    This is exactly where we are headed with the current agenda that is being force fed to us. We already have 30%-40% of the population that would be in league with the rioters and even more that think it is the government's job to fix everything. God help us all.
  • by Jim Location: SC on May 6, 2010 at 01:55 PM
    Now where's this economic recovery I've been hearing so much about on the lame stream news here lately? Oh! Wait a minute, it ain't happening. Got to be Bush's fault, right?
  • by Mike Location: Greenville on May 6, 2010 at 12:47 PM
    Socialism-A great idea untill you run out of other peoples money to spend.
  • by Anonymous on May 6, 2010 at 12:10 PM
    It's Bush's fault, it's Bush's fault.
  • by Bob on May 6, 2010 at 12:04 PM
    Alright- last time this happened most of you blamed Bush even though he had no control aver anything that happens with the stock market- Lets see if the same People- you know who I'm talking about Lavon, Barlow- are you going to blame Obama this time? If you blamed Bush then according to your own words in previous post, you've got no choice but to blame Obama this time.
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