Dow Plunges 480+, Below 11K

S&P, Nasdaq follow suit
By Evann Gastaldo,  Newser Staff
Posted Aug 18, 2011 8:53 AM CDT
Updated Aug 18, 2011 9:19 AM CDT
Traders Anthony Riccio, Edward Baumann, and Andrew Igoe, left to right, work on the floor of the New York Stock Exchange Tuesday, Aug. 16, 2011.   (AP Photo/Richard Drew)

(Newser) – The Dow plunged more than 300 points at the open today, and dropped almost 500 before retreating, as investors worried about Europe and the global economy. It's currently hovering just below 11,000, according to Marketwatch. The S&P 500 also dropped 48 points to 1,146, while the Nasdaq fell 115 points to 2,397. The Wall Street Journal notes that, in particular, Bank of America and HP shares tumbled.

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