Europe, Stocks Down | featured news

Dow plummets nearly 220 points after trade deficit unexpectedly widens and reports from Asia, Europe spurs concerns recovery is veering off track.

Stocks tumbled Friday after the Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis.

Stocks tumbled for a second day Friday after concerns grew that the deep spending cuts under Europe's bailout plan would slow a global recovery.

European debt problems sent another wave of pessimism through the markets.

Alcoa and General Electric slid amid concerns about global growth following sluggish fourth-quarter economic growth in the euro zone and a move by China to tighten lending.