NEW YORK — A group of well-connected New Yorkers has taken the unusual step of suing the city to remove a controversial bicycle lane in a wealthy neighborhood of Brooklyn, the most potent sign yet of opposition to the Bloomberg administration’s marquee campaign to remake the city’s streets.
The Dow Jones industrial average plummeted 345 points on Thursday on a confluence of poor news about the economy, although investors could not pin the drop on any overriding reason.
Even before the opening bell, Monday looked ugly.
Fresh concerns about the biggest government bailout in history sent stock markets down sharply on Monday, while a weakening dollar sparked a frantic rush into commodities as investors remained nervous about the financial health of Wall Street.
Oil, gold and other major commodities fell sharply on Thursday, capping their steepest weekly drop in a half-century, as investors fled what many had believed to be the last safe haven in turbulent markets.
A day that dawned bleakly on Wall Street turned even darker late Thursday as an afternoon sell-off sent the Dow Jones industrial average down more than 360 points, or 2.6 percent. Investors worried that Citigroup’s woes might be worsening and that consumers would not spend freely this holiday shopping season.