Stocks indices plummeted as the New York Stock Exchange, Dow Jones and Nasdaq opened today for the first time since the attacks on New York and Washington last Tuesday (see Insight Analysis: Can Traders Stabilise The Market As Wall Street Reopens?). This is despite a 0.5% cut in the US interest by the Federal Bank, instigated in an attempt to restore confidence to the markets.
In London and throughout the rest of Europe the markets were very shaky in the early stages of the resumption at Wall Street. Europe was firmer than London as the falls in the US were less severe than anticipated there.
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