Cortlandt NEWS - Asian Stocks End Mostly Lower; Europe Falls - Street.Com Cortlandt NEWS - Asian Stocks End Mostly Lower; Europe Falls - Street.Com

Tuesday, March 3, 2009

Cortlandt NEWS - Asian Stocks End Mostly Lower; Europe Falls - Street.Com

By Jeremiah Marquez HONG KONG -- Most Asian stock markets extended their slump Tuesday after unremitting troubles at financial giants like American International Group ( AIG Quote - Cramer on AIG - Stock Picks ) and HSBC ( HBC Quote - Cramer on HBC Kenmore NEWS

The Dow Jones Industrial Average tumbled more than 4 percent Monday, closing under 7,000 for the first time since 1997. The stock benchmark's 299 point slide to a finish of 6763.29 was fueled by concern that the U.S. government yet again had to Kenmore NEWS

The Dow Jones Industrial Average tumbled below 7000 for the first time in 12 years as investors around the globe appeared to be giving up hope and girding for a prolonged recession. U.S. investors joined a world-wide selloff that began in Asia and Kenmore NEWS

Wall Street opened modestly higher Tuesday, a day after a rout in global stocks helped drive indexes down to 1996 levels. Just minutes after the opening, the Dow Jones industrial average was up about 75 points or 1.1 percent, t0 6,837. The Standard Kenmore NEWS

Stocks slid worldwide, sending the Dow Jones Industrial Average below 7,000 for the first time since 1997, and Treasuries rose after Warren Buffett said the economy is in “shambles” and American International Group Inc. posted the largest Kenmore NEWS

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