Markets dive over 200 points on bad news from all over
BREAKING: Dow closes down around 200 points http://t.co/VX1vu47U
— USA TODAY (@USATODAY) March 6, 2012
All three major indices were down between 1.3 and 1.6 percent. CNBC noted that this was the largest one-day drop for all three in three months.
BREAKING: Dow, S&P 500 and Nasdaq have biggest one-day drops in nearly 3 months. (Track here: http://t.co/phfCy7Kx)
— CNBC (@CNBC) March 6, 2012
The network noted that both Europe and China reported bad economic news before the markets opened today. Europe’s financial woes seem to be due, again, to the ongoing financial crisis in Greece and the threat of a full default.
Market Open: Stocks lower amid reports showing slowdown in European private sector & after China cut growth target. http://t.co/BFu1ZYh4
— CNBC (@CNBC) March 5, 2012