Right at the Edge

Stocks tumbled around the world today while the U.S. Federal Reserve and other central banks in Europe, Japan and elsewhere continued pumping money into the financial system to keep it functioning despite spreading turmoil in the credit markets.

On Wall Street, the Dow Jones industrial average fell more than 100 points in the opening minutes of trading, following a loss of 387 points Thursday. The plunge Thursday was the index’s second-worst of the year and shaved nearly 3 percent off its value.

Market Volatility Continues on Wall Street