France nuclear explosion: A furnace at at nuclear waste treatment facility in southern France exploded, killing one person.
The Dow fell 303.68 points to close at 10,992.13. The S&P lost 31.67 points to 1,154.23, and the Nasdaq dropped 61.15 points to end the day at 2,467.99.
Stock prices mostly rise on world markets. Germany, France, and several Asian markets see stock prices go up. But markets in US, Britain closed due to holidays.
Stock market news is downbeat as traders, investors worldwide worry about rising oil prices, slowing growth.
Its rate cut of 3/4 of a point is the largest in at least 20 years.