Concerns About Europe Sink Stocks

Renewed concerns about the European economy sent the markets into a tailspin with the Dow sinking 213 points to 12,715. Nasdaq plummeted 55 points to 2991.

On the upside

Bargain hunters lifted shares of Jaguar Mining (NYSE: JAG) whose stock price fell last week after a downgrade.

Borrowing costs for Greece fell to lift shares of National Bank of Greece (NYSE: NBG).

Rising silver prices lifted shares of Silvercorp Metals (NYSE: SVM) and Hecla Mining (NYSE: HL).

On the downside

Goldman Sachs expects U. S. crude oil prices to drop weighing down shares of Western Refining (NYSE: WNR).

USG (NYSE: USG) will release first quarter earnings next Tuesday, April 17.

Susquehanna lowered its price target for Greenbrier (NYSE: GBX) to $28 from $21.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 19 points to 784.

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