The Dow rose 37 points to close at 10771 after its biggest weekly drop since 2008
Dysfunctional politics, both in Washington and in Europe, is spooking markets worldwide. While perhaps not as dangerous as the economic dysfunction of 2008, it is still a concern.
Stocks fell sharply on a variety of factors – from a pessimistic Federal Reserve to reports that Europe might be headed for a recession. But falling stocks don't guarantee a recession is coming.
At about noon Thursday, the Dow Jones Industrial Average was off 370 points, or 3.3 percent. On Wednesday, the Federal Reserve said 'there are significant downside risks to the economic outlook.'
The annual Forbes 400 list of wealthiest Americans has landed amid heated rhetoric over 'class warfare.' Members saw their net worth ($1.53 trillion combined) rise 12 percent in the past year.
The Federal Reserve announced Wednesday that it will drive down long-term interest rates through a strategy called 'Operation Twist.' The move has already pushed mortgage rates to historic lows, but Wall Street appears to have doubts about the plan's broader economic impact.
The Dow lost 283 points to close at 11124 after the Federal Reserve announced it would by Treasury bonds to help the economy
Indications that Greece might not default on its debt, as well as reports that the Federal Reserve has a new plan to stimulate the economy, prompted a solid day on Wall Street.
The Dow lost 108 points to close at 11401 as investors worried that Greece will default on its loans.
Stock prices plummeted in Europe and stock futures were down in the US after EU ministers failed to expand a bailout fund to help Greece. Bank stock prices led the decline in Europe.