The US financial markets have tumbled again today in a fall thats biggest ever the histor of the Dow after 2003.
The Dow Jones industrial average (INDU) was down 40 points in the early going after having fallen nearly 700 points. The Standard & Poor's 500 (SPX) index was down modestly and the Nasdaq composite (COMP) rose.
U.S. markets took a beating Thursday, with the Dow industrials plunging nearly 700 points to a five-year low, as panicked investors dumped stocks.
This is in the backdrop of the big fall we had yesterday and todays meltdown in Europe and not to forget our own India.
European markets got off to a terrible start. Within the first 10 minutes of trading, London's FTSE, the CAC in Paris and the XETRA DAX in Frankfurt, Germany, had all sloughed off about 10% of their values.
European markets recovered some, but all were down generally 6% to 10% by late morning.
Russia's volatile stock markets were closed on Friday. Government financial officials suspended them before trading was scheduled to open, according to the Russian Trading System. The markets will remain closed until further notice.
Today's happenings is a developing story, track it here:
CNNMoney.com Pre-Market Report - Oct. 10, 2008
Sad days ahead. I am sure BSE is going to fall below 10k. Lets hope the idiots at ICICI don't have any more exposures. Its been taking a tumble
