May 23, 2013
World stocks fall on US results, economy fears
World stocks and crude oil fell as investors took a dim view of US corporate earnings after General Electric and McDonald's disappointed, while Europe's debt crisis and ongoing concerns about global growth also weighed on sentiment.
The Dow Jones industrial average was down 205.43 points, or 1.52 percent, at 13,343.51. The Standard & Poor's 500 Index was down 24.15 points, or 1.66 percent, at 1,433.19. The Nasdaq Composite Index was down 67.24 points, or 2.19 percent, at 3,005.62.European shares fell back, though remained within striking distance of the year's highs, as unexpectedly weak results from US tech bellwether Google bruised investor sentiment.
In Europe, the FTSEurofirst 300 index of leading regional companies closed down 0.8 percent at 1,111.85, while the pan-regional Euro STOXX 50 closed down 1.24 percent at 2,542.24