U.S. economy feels impact
Mar 14, 2011 8:03:00 PM - thestate.com
Aftereffects of the devastating earthquake and tsunami in Japan began to ripple through the U.S. economy Monday as the stock market had its first full day of trading since the disaster.
The crisis is affecting global business — from retailers with a large presence in Japan to the future of the nuclear industry as that country tries to avoid a meltdown of several reactors.
A look at how several key areas were affected Monday:The Dow
Concerns over the economic impact of the disaster led to a broad sell-off in the stock market Monday. Japan is the world’s third-largest economy. At market’s close, the Dow Jones Industrial Average was down 51 points, or 0.4 percent, to 11,993. The broader S&P index was down 8 points, or 0.6 percent, to 1,296.
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