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Market News

European Markets

Opening calls are indicating a lower open this morning.

Asian Markets

Asian stocks tumbled, sending the regional benchmark index toward its lowest close in more than a year.

US Markets

Stocks plunged after the Federal Reserve made it official — no change in rates and Operation Twist is a go.

Stocks ended near the lowest levels of the day after the Fed said it will shift $400 billion from short-term Treasuries into long-term Treasuries in an effort to boost lending and spur the economy.

Events this week

Thursday: The Labor Department issues its weekly jobless claims data at 8:30 a.m. ET. Economists surveyed by Briefing.com expect weekly jobless claims rose to 417,000 claims last week compared with 428,000 claims reported the prior week.

The Federal Housing Finance Agency releases its July home price index after the start of trading.

The Conference Board’ index of leading economic indicators is due in the morning. The index is expected to have risen 0.1% in August after having risen 0.5% in July, according to a consensus of economists surveyed by Briefing.com.

FedExand Rite Aid will report results ahead of the opening bell. Sports apparel company Nike will report results after the bell.

Friday: There are no major economic events. Homebuilder KB Home will report results before the open.