Fears that the fragile economic recovery in the United States might be threatened by the financial and political crisis in Europe gripped Wall Street on Thursday, sending the stock market into a sharp decline and leaving anxious traders wondering where the pain might stop. The 376-point drop for the Dow Jones industrial average punctuated what amounts to a slow-motion crash that began in late April. The Dow has now plunged more than 1,000 points in a matter of weeks, marking what is known as a market correction — a sort of mini-bear market characterized by a 10 percent decline in a short period of time. (more)
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