Mark Lennihan / AP
Television crews broadcast from Wall Street, Tuesday, Aug. 9, 2011 in New York. U.S. stock futures rose Tuesday, but only after swinging wildly in overnight trading following the worst day for stocks since 2008.
This looks like a fake Hollywood set made for a movie, but it's real. Unfortunately, so is the downturn in the stock market. Let's hope the rebound is real too. Is bad news the new normal?
Yuri Kochetkov / EPA
Traders from the Trading Invest company react while watching a downward trend on their screen in Moscow, Russia, on August 9. The US debt downgrade caused a lowering of the Russian currency exchange rate.
Rungroj Yongrit / EPA
Share prices are reflected on a window as a Thai investor monitors stocks at a private trading floor in Bangkok, Thailand, on August 9.
Fredrik Von Erichsen / AFP - Getty Images
A broker works at the stock exchange in Frankfurt am Main, Germany, on August 9. German stocks plunged on fears that slowing growth and the eurozone debt crisis will cause another recession.
The AP reports:
Stocks tanked again Tuesday as many global markets entered official bear market territory after one of the worst days on Wall Street since the collapse of Lehman Brothers in 2008.
Asian markets briefly recouped many earlier losses and European stocks opened higher. That rally proved short-lived, as investors worried about the consequences of the U.S. credit downgrade, Europe's debt crisis and mounting expectations of a global recession. Continue reading.
Frank Rumpenhorst / AFP - Getty Images
A trader reacts at the stock market in the central German city of Frankfurt on August 5, 2011. The German Stock Index DAX showed a loss of 2.37 percent in late morning trading, after initially plunging by close to four percent at the open.
Suzanne Plunkett / Reuters
A trader works on the dealing floor at IG Index in London August 5, 2011. World stocks sank for an eighth straight session on Friday, wiping $2.5 trillion (1.53 trillion pounds) off their value on the week, as concern ballooned over the slowing global economy and the spread of debt anguish into Italy and Spain.
Fareed Khan / AP
An investor sits on the trading floor of Karachi Stock Exchange in Karachi, Pakistan on Friday, Aug 5, 2011. Asian stock markets tumbled Friday amid fears the U.S. may be heading back into recession and Europe's debt crisis is worsening.
Truth Leem / Reuters
A foreign currency dealer of the Korea Exchange Bank works in front of a screen displaying the Korea Composite Stock Price Index (KOSPI), at the bank's dealing room in Seoul August 5, 2011. South Korean shares fell on Friday for the fourth consecutive session, with shipbuilders leading declines on concerns over meager global economic growth. The Korea Composite Stock Price Index (KOSPI) ended 3.7 percent lower at 1,943.75 points.
U.S. stock markets look like they might open on a happier note this morning with positive news about jobs, but other markets weren't very upbeat today. More on the world markets.
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