Advertisement
Share

Stocks fall again in early trading

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Stock markets opened lower Friday morning as concerns about European banks and the U.S. economy continued to haunt investors.

The Dow Jones industrial average was recently down 106 points, or 0.97%, to 10884.17.

The morning provided little in the way of new economic data, but a number of new economists announced that they were scaling back their predictions for economic growth. In addition, concern about the financial sector was amplified after Bank of America said Thursday night that it was cutting at least 3,500 jobs.

The declines built on the big losses Thursday, which came as investors worried about the health of European banks.

Advertisement

Earlier today, leading indexes fell 1.8% in England and 1.4% in France. Markets in Asia also fell overnight.

Gold, the safe haven of choice during recent turmoil, climbed again.

RELATED:

No vacation for Wall Street

Asian shares join global slide in early trading

Soaring gold prices trigger jewelry robberies, police warnings

-- Nathaniel Popper


Advertisement