New story in Business from Time: Market Watchers Are Hopeful for a Bounceback After Stocks Suffer Their Worst Single-Day Drop in Years
(NEW YORK) — The long, smooth, record-setting ride on Wall Street is over. The stock market pullback that experts had been saying was long overdue has finally come. Investor fears about higher interest rates escalated into rapid, computer-generated selling Monday that wiped out all the market’s gains for the year. At one point, the Dow …