Top 10 News Items 10/6-10/10: Dow Plunges 18% This Week; UK to Inject Capital Into Banking...

More News related to Special Reports This is a recap of the weeks major news items on Wall Street: 1. Central banks around the world scrambled to find a measure that could stabilize the financial markets this week. At the center of the crisis, credit markets finally began to show signs of improvement, albeit a very feint glimmer of hope. The action that shook the frozen credit markets came Wednesday morning when government's around the world announced a coordinated 50 basis point reduction in interest rates. The market reaction that morning was jaw-dropping; after initially responding positively to the announcement, traders began selling stocks into the open, causing a 200 point decline in the Dow. Minutes after the open, however, the market came roaring back, only to sell-off another 200 points by mid-day. Volatility soared... [read full story]