Stocks plunge amid worries of slowing global economy
Boston Globe - 10/16/2014
Stocks plummeted Wednesday amid heavy waves of selling as jittery investors responded to a broad array concerns, from disappointing economic data in the United States to slowing European and Asian economies to the spread of the Ebola virus.
With the Federal Reserve unwinding stimulus policies that supported the recovery, investors are becoming uncertain about the direction of the economy, analysts said. Economic reports that show retail sales declining in September, manufacturing slowing in the New York region, and wholesale prices falling, a possible sign of weakening demand, added to the gloom.