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Wall Street down 1 percent after ECB comments - ASHARQ AL-AWSAT English Archive
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NEW YORK, (Reuters) – Stocks fell on Thursday, with the Nasdaq dropping about 1 percent, after remarks from European Central Bank President Mario Draghi tempered hopes policymakers were priming a financial “bazooka” to tackle Europe’s raging debt crisis.

The Dow Jones industrial average slid 113.22 points, or 0.93 percent, to 12,083.15. The Standard & Poor’s 500 Index dropped 16.09 points, or 1.28 percent, to 1,244.92. The Nasdaq Composite Index took off 25.38 points, or 0.96 percent, to 2,623.83.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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