The Dow dropped 134 points to close at 11770 amid renewed worries about Europe's debt crisis
The Dow dropped 190.57 points to close at 11905 after Fitch ratings released a report saying that US banks could be "greatly affected" if Europe's debt crisis continues to spread
Gold reserves will be held in Venezuela rather than foreign banks. But the move in gold makes nation's finances even murkier.
AAA credit rating for the US remains in place for Fitch Ratings, even though Standard & Poor's downgraded the US from its AAA credit rating
At the close, the Dow was down about 76 points, the Nasdaq was down about 31 points, and the S&P 500 was down about 11 points
The stock market is tanking. At midday Aug. 4, the Dow had fallen 300 points. The bond market is also beginning to growl like a bear. Investors are buying long-dated bonds while eschewing shorter-term securities to protect their assets, a clear indication that they feel the economy is likely to weaken further. High-profile economists are also turning gloomy. Former Treasury Secretary Lawrence Summers put the chances of another recession at 1-in-3; Harvard economist Martin Feldstein put it at 1-in-2. What's behind all the pessimism? Here are four big factors that are weighing on stocks and could determine the course of the global economy in the coming months:
The Minnesota governor and legislative Republicans say they have a deal to end a government shutdown that began on July 1. But budget experts say the deal is fiscally 'unustainable.'
American exposure to the Greece crisis is high in certain areas. Half the assets in the 10 biggest money market funds are invested in European banks, which hold a lot of Greece's debt.
Bond rates that are low require the US government to pay more interest to investors. Because the government has to borrow to pay off debt, bond rates could, in turn, affect taxpayers.
Credit rating agency Fitch lowers Libya's credit rating three nothces.