Worldwide markets fall precipitously

Stock markets around the world have fallen dramatically today. This is following the ongoing events in the financial world, including the US Government's $700 billion bail out of the financial sector.

As of 14:48 UTC, the primary UK index, the FTSE 100, dropped in value by 6.50% (323.65 points) to a point even further below the 5000 mark at 4656.60. The Dow Jones, was down 3.76% at 16:08 UTC, a slight increase from earlier today. The Dow Jones currently has a value of 9936.94 points, below the ten thousand mark. The Nasdaq index has fallen by 100.12 points to 1847.27, while the DAX was 6.62% lower than the start of the day as of 16:08 UTC.

The Dow Jones index was one that fared particularly poorly today, as not one of its companies increased its share price. The same is true for the

CAC 40 index. The Merval index is another one that fared badly today. It dropped in value by 10.12%, while the affiliated Merval 25 index dropped by nearly as much, 10.03%. One of the worst faring indexes of the day was the Brazilian Bovespa index. It has already fallen by 14.45% today, despite the fact that it is not even half way through the trading day.

Market data