Dow Plunges 242 on Japan Anxiety

Street worries about nuclear catastrophe
By Newser Editors and Wire Services
Posted Mar 16, 2011 3:11 PM CDT
Bay Crest Partners traders, with similar haircuts, work on the floor of the New York Stock Exchange Wednesday, March 16, 2011.   (AP Photo)

(Newser) – Fears that a nuclear reactor in Japan may be in the midst of a partial meltdown is shaking financial markets. Stock indexes lost 2% and gave up nearly all of their gains for the year today. All 10 company groups that make up the Standard & Poor's 500 index fell. The Dow Jones industrial average fell 242 points to 11,613. It was the biggest drop for the index since August 11. The Standard & Poor's 500 index lost 25 to 1,257, and Nasdaq fell 51 to 2,617.

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