Yesterday's big market gains vanished and then some today as investors worried about Europe's debt problems and the weak US recovery, reports MarketWatch.
- Dow: Down 520 points, or 4.6%, to 10,719
- S&P 500: Down 52 points, or 4.4%, to 1,121
- Nasdaq: Down 101 points, or 4%, to 2,381
"Markets are having an extremely difficult time here—volatility is rising and the speed and voracity of these declines is so rapid I don't think anyone can wrap their heads around this," a market strategist at Banyan Partners tells the Wall Street Journal. At one point, gold rose above $1,800 an ounce for the first time as people looked for safe havens, notes AP. (Read more Dow Jones stories.)