Quantcast

Wall Street tumbles more than 2 percent

By Reuters
Tuesday, March 15, 2011 10:23 EDT
google plus icon
art.wall.street.generic.afp.gi
 
  • Print Friendly and PDF
  • Email this page

NEW YORK (Reuters) – Wall Street tumbled more than 2 percent on Tuesday and the Nasdaq turned negative for the year as Japan’s looming nuclear crisis looked set to thrust financial markets into a period of turmoil.

U.S. shares seen as exposed to the disaster as well as economically sensitive stocks plunged.

The Dow Jones industrial average dropped 259.97 points, or 2.17 percent, to 11,733.19. The Standard & Poor’s 500 Index fell 31.68 points, or 2.44 percent, to 1,264.71. The Nasdaq Composite Index lost 69.97 points, or 2.59 percent, to 2,631.00.

A Japanese nuclear power plant sent low levels of radiation floating toward Tokyo, prompting people to flee the capital and others to stock up on essential supplies.

(Editing by James Dalgleish)

Reuters
Reuters
Reuters.com brings you the latest news from around the world, covering breaking news in business, politics, technology, and more.
 
 
 
 
By commenting, you agree to our terms of service
and to abide by our commenting policy.
 
Google+