Currency markets reversed some of the gains of the yen after the G-7 announced that they would intervene to reduce the value of the yen. The Japanese currency lost nearly two yen against the dollar on currency markets.
Oil prices changed little despite high trading volume on Friday, as oil traders eyed developments in four nations: Libya, Yemen, China, and Japan.
Dow average gains 161 points as traders send stocks up broadly. Dow is now positive for the year.
Dow Industrials fall 242 points. Stocks on S&P 500 and Nasdaq indexes also drop to lowest levels of the year.
A cricket fan cheers as he waves Zimbabwe's national flag during the rain interruption during the Cricket World Cup match between Pakistan and Zimbabwe in Pallekele, Sri Lanka.
Oil prices drop in Europe and US in wake of concerns Japanese demand will drop. West Texas oil prices hover around $100.
Oil prices have dropped, and currencies in Japan, China, and Singapore will be affected.
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.
Airline tickets are more expensive as fuel prices rise. But an improving economy and industry consolidation are also pushing up the price of airline tickets.
The Dow average rose 59 points on Friday, but was down 1 percent for the week.