Afternoon Markets: Dow dives as fears mount for auto industry

The Dow Jones has plunged 58.38 points (0.71%) to 8109.74 in early trading today. General Motors ...

The Dow Jones has plunged 58.38 points (0.71%) to 8109.74 in early trading today. General Motors leads the losses, dropping 2.3% to $1.78, as Chrysler's bankruptcy filing has cast a shadow over its attempts at securing restructuring deals. Walt Disney has suffered a 2.42% decline to $21.37, while McDonalds has slipped 2.14% to $52.15. However, financials Citigroup and JPMorgan Chase have made modest gains. Citigroup has added 2.3% to $3.12 and JPMorgan Chase is up 0.76% to $33.25. Meanwhile, the FTSE 100 looks set to close the week lower, currently down 27.31 points, or 0.64%, to 4...