As of noon, the Dow was down nearly 400 points, obliterating all the gains made on Tuesday in a bargain hunting buying spree when it gained 429 points after Monday’s drop of 634 points. In addition to the weak U.S. economic growth and Europe’s debt crisis, investors are concerned about rising inflation in China and slower growth in less-developed countries.
U.S. stocks plummeted more than 4% Wednesday, more than wiping out the gains of Tuesday's rebound as European debt troubles and worries of a new U.S. recession kept investors nervous.
Wall Street endured another anxious session of extreme swings yesterday as investors sent stocks plummeting for the third time in a week, prompted by fears that another major European country would succumb to its debt problems.
Rising market volatility has investors on edge, fearing more of the same or worse.
Money is flowing out of stock investments in huge sums.