Photo: Wiimedia COmmons
Update:Just a totally exhausting day.
First we spiked on the jobs report. Then markets went to getting killed.
Now! There’s a rumour of the ECB being willing to step in and buy Italian and Spanish debt, and the Dow and S&P have gone green.
Silvio Berlusconi is due to speak at 1:30 PM ET. According to reports he’s agreed to — among other things — introduce a balanced budget amendment into the Italian constitution.
Original post: It’s a pretty unbelievable day in the market, following yesterday’s huge selloff.
Initially stocks spiked on that better-than-expected jobs report.
But it didn’t last very long.
And now stocks are plunging for the second straight day.
The NASDAQ is off 3.4%.
The Dow is off 212.