Economy

Global Markets Lost $6.3 Trillion in 2011

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Amid slowdowns in emerging markets, a debt crisis in Europe, a slow recovery here in the United States, and various other turbulent events, the Financial Times reports that global stock markets lost $6.3 trillion in value this year — a 12 percent slide. After some wild swings reminiscent of the 2008 financial crisis, U.S. markets were mixed with the Dow ending the year up 5.53 percent. Remarkably, the S&P 500 ended the year at 1257.60, just .04 points changed from its 2010 close of 1257.64.