DJIA Endures 200-point Slide

[Stocks-to-Watch]

And just keep getting worse. The Dow Jones Industrial Average dropped as much as 230 points during afternoon market*action as concerns about the Europe’s debt crisis trounced optimism over improving U.S. economic data.

Investors were unnerved about rising borrowing costs in Europe. With an hour to go before*the closing bell,*the Dow had regained some ground. At 11,735, the index had fallen 170 points, or 1.4%.

Other major U.S. stock indexes were also*in the red. The S&P 500 index fell 22 points, or*nearly 1.8% to 1,215, while the Nasdaq Composite lost 50 points, or 1.9% to reach 2,590.

Meanwhile, gold and oil prices suffered too. U.S. crued oil futures fell 3% to just over $99 a barrell. And the price for an ounce*of gold fell 3% to $1,720.



Original Article Source by Barrons.com