NEW YORK (AP) — Stocks plunged worldwide Thursday as more signs of economic weakness revived investors' fears of another recession. The Dow Jones industrial average fell 400 points in a return to the wild swings in the market last week.
The intense selling started as soon as trading began, and the Dow was down 528 points shortly after the opening bell. The drop ended four days of relative calm in the stock market.
Market strategists said investors were increasingly pessimistic about the economy. It wasn't just the day's economic reports — warnings like this one added to the gloom:
The U.S. and European economies are "dangerously close to recession," Morgan Stanley economists wrote in a report. "It won't take much in the form of additional shocks to tip the balance."
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