Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, November 16, 2010

Tuesday

Stocks posted their biggest one-day drop in over three months today. The declines came as fears of a slowdown in Chinese economic growth and doubts over the long-term effects of the Federal Reserve's bond-buying program mounted. Concerns over China's monetary policy have mingled with growing skepticism over the effectiveness of the central bank's announcement earlier this month. It seems that many are getting nervous about the Fed's ambitious plans. DJIA -178.47 Nasdaq -43.98 S&P 500 -19.41.