KBTX - Money - Headlines

US Stocks Rise Slightly After Big Fall

By: Associated Press
Posted: Tue 9:12 AM, Aug 09, 2011

U.S. stocks are rising in early trading, a day after their worst drop since 2008.

The Federal Reserve meets Tuesday and traders are speculating that it may announce more help for the economy, which has stumbled this year.

Stocks plummeted around the world Monday on worries about the economy, the first-ever downgrade of the U.S. credit rating and debt problems in Europe.

Paul Dales, senior U.S. economist with Capital Economics, says before the recent turmoil, his firm had thought the Fed would stand pat. But he says now some action seems likely.

The Dow Jones industrial average is up 55 points, or 0.5 percent, at 10,864. The S&P 500 is up 7, or 0.6 percent, to 1,127. The Nasdaq is up 15, or 0.6 percent, to 2,373.


We ask that the following Community Standards be followed:
  • Comments must not be profane or vulgar.
  • Comments must not use hate speech, racial slurs, or violent descriptions.
  • We encourage varying views to be shared. We do ask commenters to not personally attack other readers, groups, people featured in our stories, or other posters for disagreeing with their views.
  • Comments must not contain negative, comparative debates between community standards of cities or towns.
  • Comments must contribute to the discussion, flaming and/or trolling will not be tolerated.
  • Comments must be truthful and not intentionally falsified. Providing a source link is encouraged.

If you find that a comment violates the above rules, please use the flagging option located to the right of the comment to notify the moderators.
For a complete list of guidelines, please follow this link:
http://www.kbtx.com/home/misc/Online-Commenting-Policy-181579421.html
powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 127303428