Japan earthquake drives down major European markets at close. US stocks at midday also down as investors try to evaluate impact of new 7.4 magnitude Japan earthquake.
The country has been living beyond its means for years, leaving future generations to pay
Dow rises 23 points to close at highest level in 34 months. But stocks on Nasdaq edge down.
When the world’s third-largest economy is hit with its worst earthquake ever, a tsunami, and a subsequent nuclear crisis, the human and physical toll has been enormous. The disaster is also sending ripples through the world economy. Here is a look at four ways the Japanese crisis changes the investment landscape:
Stocks fall in US with Dow and S&P 500 dropping about half a percentage point. But drop in stock prices bigger in Europe and much larger in Japan.
Stock market falls with Dow dropping more than 100 points in wake of concerns about Japan earthquake. Stock prices in Japan fall more than 6 percent.
Stock prices on global index fall in the wake of concerns about Japan's economy. Japan's stock prices on the TOPIX index plunge 7.5 percent.
Standard & Poor’s cut its rating on Japanese sovereign debt one notch last week, strengthening the naysayers. But with falling unemployment, large reserves, and rising corporate profits, 'Japan is punching well above its weight,' says one analyst.