Business

Dow Jones Industrial Average plummeted 420 points

Nervous traders darted out of equities and flocked into safe-haven assets on heightened euro zone sovereign debt and global economic tensions, launching the markets deep into negative territory.

Today’s Markets

The Dow Jones Industrial Average plummeted 420 points, or 3.7%, to 10,991, the S&P 500 slid 53.2 points, or 4.5%, to 1,141 and the Nasdaq Composite tumbled 131 points, or 5.2%, to 2,380. The FOX 50 plunged 32.7 points to 828.

Energy and materials stocks like Halliburton (HAL: 40.85, -4.60, -10.12%) and U.S. Steel (X: 27.28, -2.81, -9.34%) took the strongest beating. However, the selloff was broad, with industrials such as General Electric (GE: 15.34, -0.89, -5.48%) and most other sectors coming under intense selling pressure as well.

Full story: Wall Street Drenched In Red Ink: Nasdaq Crumbles 5.2% Amid Euro, Economic Tension | FoxBusiness.com.