Michael Wilson

Global Markets Plunge

By Michael Bowman
Voice of America

WASHINGTON, DC - U.S. stocks opened sharply lower, mirroring losses in Europe, Asia, and much of the developing world. In New York, the Dow Jones Industrial average crossed below an important psychological floor, the 10,000 mark, for the first time since October, 2004. The Dow was more than four percent lower in early trading. It has lost about a quarter of its value this year.

Major markets were hard-hit across the globe.

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