Global Economy, Stocks Down | featured news

More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading toward another recession.

Concerns over the deteriorating condition of Japan's stricken nuclear reactors, and the effect on global economies, sparked the Dow's biggest selloff since August and left the S&P 500 in the red for 2011.

Stocks tumbled Thursday, hit first by new worries about global growth and then by reports that Saudi police had fired on protesters.

The Dow industrials fell below 10,000 again after an index of China’s economy was revised downward.

Fitch cut Spain’s credit rating, saying that the country’s debt will probably weigh on the country’s growth.

The Dow Jones industrials plunged below 10,000 Tuesday after traders dumped stocks on worries about the global economy and tensions between North and South Korea.

Stocks are plunging as investors give in to fears that Greece's debt problems will spread and halt the global economic recovery.