OPEC Cuts Production World Stock Markets Dive

LONDON -- European shares opened in negative territory on Thursday after a surprise decision by oil cartel OPEC to cut production lifted crude prices and hammered U.S. shares after most European bourses shut on Wednesday. In New York on Wednesday, the Dow Jones industrial average .DJI closed down 1.57 percent at 9,425.51 points, and the tech-laden Nasdaq Composite .IXIC crumbled 3.05 percent at 1,843.70 points. Posted by Editor at September 25, 2003 09:40 AM