Global stocks plunged Wednesday after Italian bond yields soared to 7% on debt fears and on the ongoing eurozone crisis. The S&P 500 lost 3.7 percent, its biggest one-day drop since August, while the Dow Jones industrial average fell 389 points.
AP - Trouble on two fronts in Europe’s debt crisis dragged the Dow Jones industrial average down 389 points Wednesday. The S&P 500 lost 3.7 percent, its biggest one-day drop since August, after Italy’s borrowing costs soared and talks collapsed in Greece on forming a new government.
Date created : 2011-11-10