World Markets Tank Overnight
By: Newsroom Solutions
Updated: September 22, 2011
Wall Street opens this morning after stocks took a beating yesterday and world markets tanked overnight.
Yesterday's stock selloff came after the Fed announcement about shifting its bond holdings to try to jolt the economic recovery.
Investors worry the move won't lead to much improvement.
The nation's central bank is looking to put downward pressure on longer-term interest rates by snapping up long-term Treasury securities.
The Dow ended 284 points lower at 11-125.
The S&P 500 fell 35 points to 11-67.
The Nasdaq tumbled 52 points to 25-38.
Oil prices fell one-dollar to settle at 85-dollars-92-cents a barrel on the New York Mercantile Exchange.
Ahead of today's opening bell, the Labor Department is due to release its weekly unemployment figures.
Yesterday's stock selloff came after the Fed announcement about shifting its bond holdings to try to jolt the economic recovery.
Investors worry the move won't lead to much improvement.
The nation's central bank is looking to put downward pressure on longer-term interest rates by snapping up long-term Treasury securities.
The Dow ended 284 points lower at 11-125.
The S&P 500 fell 35 points to 11-67.
The Nasdaq tumbled 52 points to 25-38.
Oil prices fell one-dollar to settle at 85-dollars-92-cents a barrel on the New York Mercantile Exchange.
Ahead of today's opening bell, the Labor Department is due to release its weekly unemployment figures.
