NEW YORK — Stocks have plunged after more signs of economic weakness triggered a global sell-off.
The Dow Jones industrial average is down 419 points, or 3.7 percent, to 10,991. The S&P 500 is down 53, or 4.5 percent, to 1,141. The Nasdaq composite is down 131, or 5.2 percent, to 2,380.
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In the United States, there were reports that more people joined the unemployment line last week than a week earlier. Gasoline prices contributed to higher inflation. And manufacturing slowed in the mid-Atlantic. Investors also worried about debt problems in Europe, where bank stocks fell on worries about their access to funding.
The yield on the 10-year Treasury note briefly fell to a record low. And gold rose to a record high as investors moved into investments considered safer.
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