Dow Falls Under 10000 As Risk Is Shunned
(WSJ) — Stocks fell as investors fled riskier assets, spooked by worries over the health of European banks and tensions on the Korean peninsula. The Dow Jones Industrial Average fell 185 points, or 1.8%, to 9881 in recent trading. It last closed below 10000 on Feb. 8. Global markets are slammed by growing tensions between North and South Korea, fueling a stampede out of risky assets, Dow Jones Newswires’ Paul Vigna and Eduardo Kaplan report. The Standard & Poor’s 500 was down 19 points, or 1.8%, to 1054, rebounding modestly after sliding below its 2010 intraday low of 1044.5, reached on Feb. 5. All of the measure’s sectors were in the red, with the industrial, utilities and energy sectors leading a broad decline.
