Business

U.S. stocks open with sell-off

InternAdmin Contributor

Stocks plunged at the open Thursday after a gloomy outlook from the Federal Reserve and weak manufacturing reports from Europe and China raised further concerns the global economy could sink back into recession.

MAJOR U.S. INDEXES

Dow Jones Industrial Average

-317.71-2.86%

NASDAQ Composite

-70.85-2.79%0

S&P 500

-31.86-2.73%0

The Dow Jones Industrial Average tumbled sharply, led by United Tech and Alcoa after finishing lower in the previous session.

The S&P 500 and the Nasdaq also plunged. The CBOE Volatility Index, widely considered the best gauge of fear in the market, soared near 41.

Full story: US Stocks: Dow Skids 300 at Open on Global Growth Fears