Dow closes under 11,000, over 600 points lost or 5.5 percent (video, photos)
NEW YORK, NY -- San Francisco residents who are watching the markets, are learning today that the Dow Jones Industrial Average fell sharply, losing 600 points in market closing today.
See here for that breaking news story on the Dow Jones
San Francisco resident, Jim McDonald, says, "This is not good news but it's not a surprise, there are market changes around the world and they are not looking good for investors."
The reason for the plummet is that S&P have changed the U.S. debt rating from AAA to A+. This has investors worried and they are looking for safer places to put their money.
See the original article here: Breaking: Dow Jones plummets over 600 points on market close
Around the globe things that have had an impact on the stock market include the economic situation in Europe and the March 2011 earthquake in Japan.
(Interesed in how the Asia market did? See this article here: SF learns how Asia stocks did after US recession...)
See video and photos related to the Dow Jones losing 600 points at the close of business, on the left-hand side.
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In related news, the Dow Jones CEO resigned over the News of the World hacking. See that article here:
SF learns Dow Jones CEO resigns over News of World hacking (photos, video)
