Stock futures down slightly for the Dow, S&P. But NASDAQ stock futures rise as Asia and Europe post gains.
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.'
Government lawsuit claims 17 banks, including Bank of America, Citigroup, and JP Morgan, misrepresented the value of $196 billion worth of mortgage-backed securities when it sold them to Fannie Mae and Freddie Mac.
The economy added zero jobs in August, and the stock market tumbled in response
German Chancellor Angela Merkel meets with French President Nicolas Sarkozy today to coordinate a strategy for coping with Europe's expanding debt crisis.
Silver prices, as well as the prices of gold, platinum, and diamonds, rose on Tuesday, amid a declining confidence in the US dollar. Rising gold and silver prices reflect heightened anxiety among investors.
Gold prices continue to rise, as volatility remains in global economic markets. Gold prices are getting closer to $1,800 per ounce.
HSBC layoffs will take effect by 2013. The HSBC layoffs come as the banking group shifts its focus to emerging markets around the globe.
Debt limit deal causes jump for stocks in Asia and stock futures in US. But big cuts from second step of debt limit plan would be needed for a durable rally.