Fed Day Selloff: Dow Sinks 80 Points
August 10, 2010 12:36 PM
Stocks posted sharp declines Tuesday as the markets were slammed by uncertainty over the Federal Reserve's latest policy statement and new signs of trouble for the global recovery.
Today’s Markets
As of 11:44 am.. ET, the Dow Jones Industrial Average
fell 106.26 points, or 0.79%, to 10614.06, the Standard & Poor's 500 dropped 10.85 points, or 0.96%, to 1116.98 and the Nasdaq Composite sank 30.77 points, or 1.33, to 2274.79. The FOX 50 slid 7.35 points, or 0.90%, to 806.63.
All eyes Tuesday were on the Federal Reserve as Wall Street braces for the central bank’s highly-anticipated policy statement, which is due out at 2:15 p.m. ET. Given recent signs the U.S. recovery has become increasingly shaky, some market participants believe the Fed will announce -- or at least hint at -- new measures to boost growth.
Read more at FOXBusiness.
