Stocks Fall Sharply

MARKETS

Updated Apr. 24, 2017 2:52PM ET / Published Sep. 09, 2011 4:00PM ET

Jin Lee / AP Photo

Stocks dropped Friday, as the Dow Jones Industrial Average tumbled 303.68 points, or 2.7 percent, to 10992.13. Analysts blamed Europe's debt woes for the fall, along with the resignation of European Central Bank board member Juergen Stark. Stark is resigning because of a conflict over the bank's bond-buying program. Analysts also attributed the drop to skepticism that President Obama can get his $447-billion jobs package through Congress. Finance chiefs from the G-7 countries meet Friday to discuss the global economic situation.

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Stocks Fall Sharply

Jin Lee / AP Photo