A custodian sweeps the floor of the New York Stock Exchange after the closing bell Wednesday. Wall Street focused Wednesday on the bleak landscape ahead for the economy and sold off, wiping out the big gains from a day earlier and then some. The selling was intensified by worries about debt problems in Europe. The Dow Jones industrial average closed down 519.83 points.
Photo by
Associated Press /Chattanooga Times Free Press .
published Wednesday, August 10th, 2011
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It feels eerily familiar: Stocks are plummeting. The economy is slowing. Politicians are scrambling to find solutions but are mired in disagreement.
