|Published:||May 25, 2010 4:28 PM EDT|
|Updated:||May 25, 2010 1:28 PM EDT|
NEW YORK (AP) - The Dow Jones industrials has plunged below 10,000 as investors worrying about a global economic slowdown and tensions between North and South Korea turn away from stocks.
The Dow is down 211.91, or 2.1 percent, at 9,854.66. It has fallen more than 10 percent from its recent high hit last month. With investors fleeing stocks, oil and the euro, U.S. Treasury prices are again surging.
The yield on the 10-year note fell to its lowest level in more than a year. European Union leaders are warning the continent could face a prolonged slump if countries don't make reforms to promote growth.
The Standard & Poor's 500 index is down 20.59, or 1.9 percent, at 1,053.06, while the Nasdaq composite index is down 56.99, or 2.6 percent, at 2,156.56.
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