Stocks plunge as attention returns to weak economy

(AP) - Stocks plunged again Wednesday as investorsturned their attention back to the weak economy and Europe's debtproblems. Most of the big gains that followed

NEW YORK - (AP) - Stocks plunged again Wednesday as investorsturned their attention back to the weak economy and Europe's debtproblems. Most of the big gains that followed a Federal Reservepledge to extend super-low interest rates vanished.The Dow Jones industrial average fell 520 points, or 4.6percent, to 10,719. The S&P 500 fell 52, or 4.4 percent, to 1,120,and the Nasdaq fell 101 points, or 4.1 percent, to 2,381.

On Tuesday, the Dow gained 429 points after the Fed said itplanned to keep interest rates extremely low at least through themiddle of 2013.

advertisement | advertise on News 12

Trending Video

Crews battled a large fire at the Marcal 1 Crews battle fire at Marcal Paper building in Elmwood Park
A 36-year-old woman was beaten and raped in 2 Woman beaten, raped at gunpoint in Highland Park
Two Ridgewood firefighters were hurt battling house fire 3 2 firefighters hurt battling house fire in Glen Rock
Choices and Chances: NJ’s Heroin Epidemic 4 Choices and Chances: NJ's Heroin Epidemic
Two Ridgewood firefighters were hurt battling house fire 5 2 firefighters hurt battling house fire in Glen Rock

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE