(KMOV) – Analysts say the rollercoaster that weakening the economy will likely last for the next two years, fueling concern about another recession.
On Wednesday, the Dow plummeted nearly 520 points, erasing all the gains from the previous day’s rally.
Europe’s debt fueled the sell-off, and investors are worried that France will be the next country to see a downgrade in its AAA credit rating.
The president is getting advice from the Federal Reserve chairman and the treasury secretary to come up with a solution. In the meantime, investors looking for safe investments are buying bonds. And with the price of gold up, many are selling their jewelry.
One factor likely to influence the market on Thursday will be reports on jobless claims.