The Dow closed below 12,000 on Thursday, slipping back under
the psychological barrier that it passed in late January.
Jitters about the oil market and the conflict in Libya, as
well as some disappointing economic news, served as a
reminder of the fragile nature of the global recovery.
At the close, the Dow Jones industrial average was down
228.48 points, or 1.87 percent, to 11,984.61. The Standard &
Poor's 500-stock index fell 24.91 points, or 1.89 percent, to
1,295.11. The Nasdaq fell 50.70, or 1.84 percent, to
2,701.02.
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