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Market Snapshot: Dow falls more than 200 points as global growth concerns move to the fore

Stocks retreated Thursday morning as investors weighed mounting evidence of a slowing global economy, after the European Central Bank slashed its gross domestic product forecasts and pledged continued monetary support for its flagging economy.

What are major indexes doing?

The Dow Jones Industrial Average DJIA, -1.00% fell 219 points, or 0.9%, to 25,453, and had been down by as many as 321 points at the session low. Meanwhile, the S&P 500 index SPX, -0.81% fell 20 points, or 0.7% to 2,751. The Nasdaq Composite Index fell 61 points, or 0.8%, to 7,444.

What’s driving the market?

The ECB announced new measures to support a slowing economy Thursday, including a new round of long-term loans to European financial institutions, while issuing a surprise pledge to hold off on any interest -rate increases until at least the end of the year.

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