Major stock markets worldwide plunged today - some experiencing their worst fall in several years - after U.S. Federal Reserve Chairman Alan Greenspan warned Thursday night against ``irrational exuberance'' in the markets and suggested the U.S. stock market may have gone up too far too fast.
At closing, the DJIA was down 55.16 points to 6381.94; it had dropped more than 145 points earlier in the day.
The S&P 500 fell 4.78 points to 739.60. The Nasdaq composite fell 12.43 points to 1287.69.
In London, the FTSE 100 index dived 88.2 points, or 2.23%, to close at 3,963, its biggest single-day loss since 1992. In Japan, the Nikkei 225 index dropped 667.2 points, or 3.19%, to close at 20,276.7, reported to be its biggest singe-day slide this year.