Crises of Confidence in the Markets

U.S. currency traders launched a furious sell-off of the dollar immediately after the Fed acted Sunday, some staying up all night on concerns, they said, that major U.S. bank failures could be coming over the horizon. Major stock market indicators swung wildly, with the Standard and Poor's 500-stock index falling as much as 2.4 percent but ending 0.9 percent lower.
Wall Street Crisis Forces Candidates to Shift Their Focus