Wall Street's short-lived enthusiasm over a $586 billion Chinese stimulus package has given way, once again, to anxiety about the U.S. economy.
The Dow Jones industrial average has ended the day down about 73 points, or 0.82 percent, at the 8870 level. That is above its lows of the day, but well below the levels it reached in early trading. Broader market indexes fell more than 1 percent.
Market participants realized that while China's stimulus plan is a positive sign that governments around the world are working to fix the global economy, the stimulus itself will likely have only a limited effect in the United States.
Meanwhile, American International Group Inc. got additional bailout money from the government Monday, but that raised worries about the health of the broader financial sector.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus