Rough Day On Wall Street; Dow Has Sharpest Drop Of Year

NPR | By Mark Memmott

Published March 6, 2012 at 4:10 PM EST

The stock market has been having a good year, so you might have been expecting some sort of a "correction."

Today may have been that day.

Pulled down by continued concern over Europe's economic woes and soft growth elsewhere in the world, the Dow Jones industrial average took its sharpest drop of any day so far this year — about 203 points, or roughly 1.6 percent.

The S&P 500 fell about the same percentage.

Mark Memmott

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.

See stories by Mark Memmott

SUSTAIN what matters. BUILD what’s next.

With federal funding eliminated, WKAR relies more than ever on community support to sustain essential services that remain freely available to everyone in mid-Michigan. Your support helps shape what comes next for public media in our region. The best way to support WKAR is by becoming a sustaining member today or by upgrading your current gift. Support WKAR TV Here | Support WKAR Radio Here.