Economists think that the Federal Reserve's new policy to be more transparent will only create noise and confusion in the markets
Unemployment benefits claims dipped by 1,000, just below expectations for unemployment benefits claims. Trade balance report confirms US avoided third-quarter recession.
European Central Bank chief Jean-Claude Trichet offered European banks emergency short-term loans. Speculation is rising over a plan by EU leaders to recapitalize banks.
Three major lenders were rescued on Monday as the global credit crisis spread.