Most Active Stories
- Crashed Air Force drone was flying with gear that couldn't handle cold
- Schumer hopes federal funds will help local brewpub expand
- Teachers union not ready to reverse no confidence vote in education commissioner
- Small group protests possibility of housing Central American immigrants in Syraucse
- Air Force plane found deep below Lake Ontario from 1952 crash
U.S. Stock Markets Fall Sharply In Early Trading
U.S. stocks stumbled out of the gate Wednesday, falling more than 300 points in the first few minutes of trading.
The sharp drop came despite a rally that buoyed U.S. indexes Tuesday, and rallies from the European and Asian markets Wednesday. Global investors seemed to take heart in the Federal Reserve's pledge to maintain low interest rates and stabilize the U.S. economy.
Analysts say that U.S. investors' confidence remains fragile, as the economy continues to lack momentum.