Dow Plunges on Fears Over Europe, Korea

May close below 10,000
By Kevin Spak,  Newser Staff
Posted May 25, 2010 8:37 AM CDT
Specialist Gerard Petti, left, works on the floor of the New York Stock Exchange Monday, May 24, 2010.   (AP Photo/Richard Drew)

(Newser) – The Dow opened below 10,000 today—a mark it hasn't closed below since February—as investors panicked over the conflict between North and South Korea and instability in European banks. The Dow fell 238 points, while the S&P and Nasdaq dropped 23 and 53 points respectively, according to the Wall Street Journal. Oil slid to $68 a barrel over fears about global demand, and the euro hit a four-year low.

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