Euro shoots over $ 1
Bröckelt confidence in the U.S. financial markets Monday, the dollar tumbling below parity with the euro for the first time in two and a half years.
In a chaotic session on Wall Street, the Dow Jones Industrial Average fell 440 points or nearly 5 percent before they compare most of the loss in the last 90 minutes of trading.
Since the investor disappointment about corporate scandals grew, President George W. Bush wanted to shore confidence in the markets. In a speech when the economy is strong and said she would recover from the “hangover” dogging is that the markets.
But his comments to curb the slide in the dollar and on Wall Street, pushed the global stock prices significantly lower. Then, after the sale sent panicky that the Dow as low as 8244, the blue-chip index roared back, as bargain hunters entered the market. It was still 45.34 points to end at 8639.19. The benchmark indexes in Frankfurt, London and Paris all fell by more than 5 percent.
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