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.
TEPCO shares were left untraded on a glut of sell orders amid concerns that the government would be nationalizing the company after the Fukushima nuclear plant disaster.
The bulls were in charge last week, taking advantage of a big drop in volatility to stealthily sprint ahead. Stocks will try to keep the momentum going Monday, despite geopolitical risk and more potentially horrid housing data. Here are the Top 5 business news events we're watching for on Monday:
Concerns about rebuilding costs and radiation push Japan's Nikkei down 1.7 percent. But stocks in Europe edge up and US futures point to stronger open.
Japan's stock market index surges 4.4 percent as outlook for Japanese nuclear plant improves. Other stock markets in Asia, Europe little changed
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:
Stock prices are up in Asia and Europe. Futures point to a rise in US stock prices at the open.
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.