Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Dow Falls Almost 1,000 Points Amid Europe Worries
By
Jen Chung
Published May 6, 2010
Modified May 6, 2010
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published May 6, 2010
Modified May 6, 2010
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
The Dow Jones lost nearly 1,000 points (8+%) at one point during trading this afternoon, before recovering a little (the Dow is now down 510 points). CNBC reports, "One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now. 'This is similar to what took place pre-Lehman Brothers,' the trader said." The Wall Street Journal says, "Investors fled everything from stocks and risky bonds and poured money into safe assets such as U.S. Treasurys... 'It's getting pretty ugly out there very fast,' Guy Lebas, chief fixed income strategist at Janney Montgomery Scott. 'There are definitely some major concerns that are escalating this afternoon.'"
Tagged
debt
dow jones
Europe
greece
portugal
spain
stock market
wall street
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
NJ early voting begins Saturday. Here's everything you need to know.
Our 2026 New Jersey voter’s guide for this year’s midterm elections.
By
Mike Hayes
Published Oct 23, 2026 at 11:01 a.m. ET
Countdown clocks are coming to an NYC bus stop near you
New York City bus service isn't exactly reliable, but new digital countdown clocks will give riders a better sense of how long they have to wait.
By
Stephen Nessen
News
Countdown clocks are coming to an NYC bus stop near you
New York City bus service isn't exactly reliable, but new digital countdown clocks will give riders a better sense of how long they have to wait.
By
Stephen Nessen
Are NJ schools unconstitutionally segregated? It's back to the courts to decide.
By
Colleen O'Dea
Early Addition: New Jersey considering a ban on chewing gum because of microplastics
By
James Ramsay
Queens mother charged with murdering her son after failed suicide attempt, NYPD says
By
Brittany Kriegstein
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .