World stocks fell Wednesday, extending Tuesday's heavy losses as evidence mounted that the global financial crisis is hurting economies and company profits.
The Dow Jones industrial average was down 1.8 percent at 8541.19 in New York morning trading after dropping 2 percent the previous day.
The drops followed similar losses in Asia and Europe. Britain's benchmark FTSE 100 was 1.0 percent lower at 4204.79 points, while Germany's DAX was down 2.3 percent at 4654.26. In France, the CAC 40 dropped 1.6 percent to 3282.63.
Although the European indexes were higher on the open, they were soon sent lower as economic data and earnings reports soured …
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