Dow plunges ahead of Obama speech

The index is currently down 0.77% to 8207.15. Tech companies Intel Corp and Microsoft Corp have taken a hit and sustained losses of 1.07% and 0.39% respectively. In the UK, resources stocks continue to suffer as metal prices remain soft pulling the FTSE 100 down 0.93% or 39.89 points to 4267.72. Kazakhmys plunged 6.84% with Xstrata close behind down 5.98% as fears over falling demand for minerals rocked the stocks. Eurasian Natural resources has tumbled 4.94%. However, British Airways is soaring upwards by 5.38% after being added to Merrill Lynch's conviction buy list. IFAonline