por admin » Mié Mar 16, 2011 10:30 am
TODAY'S MARKETSMARCH 16, 2011, 11:26 A.M. ET
Stocks Drop on Nuclear Warning
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By KRISTINA PETERSON
NEW YORK—U.S. stocks sank deeper into the red after the European Union's energy chief warned of "possible catastrophic events" in Japan during the next few hours.
Swinging in choppy trading, the Dow Jones Industrial Average dropped 103 points, or 0.9%, to 11753, with all but one of its 30 components in the red.
The Nasdaq Composite sank 1.3% to 2634, sinking into negative territory for the year. The Standard & Poor's 500-stock index dropped 1% to 1267, with all of its sectors negative.
Stocks deepened modest losses on Wednesday after EU energy chief Guenther Oettinger said the situation at Japan's nuclear plants was out of control and that catastrophic events could occur in the next few hours. The market sank earlier Wednesday after housing starts showed the steepest monthly drop in nearly 27 years and violence increased in Bahrain.