Wednesday, May 26, 2010
Rattled world markets reflect global stressors
May 25, 2010
Troubled Spanish banks and North Korean saber-rattling gave investors an unwelcome jolt Tuesday, leading to sharp losses in Asia and Europe and a roller-coaster day on Wall Street.
Stock markets in Hong Kong, Tokyo, Madrid and Paris all reported one-day losses of about 3%. In the U.S., the Dow Jones industrial average was down as much as 286 points before rebounding to finish down 22.82 at 10,043.75. But the upheaval probably isn't finished. "We're in for a fairly unsettled period," says John Ryding, chief economist at RDQ Economics.
Posted by Yulie Foka-Kavalieraki at 2:47 PM