At The Motley Fool, we know our readers like to be informed. We have scouted out today's most relevant news items and brought them to you all on one page. We hope you find this roundup informative and useful.
Heavyweights investing heavily in China
Giant soft-drink producer Coca-Cola
Morgan Stanley cutting down
Investment bank Morgan Stanley
Bank of America could face more losses
Bank of America
One more plunge in stocks
Following the trends in Asia and Europe, U.S. stocks fell sharply during midday trading. The drop comes amid concerns of the deepening eurozone debt crisis and its effect on the wobbling U.S. economy. The market opened at a lower level and dropped continuously. The S&P 500 dropped about 4% within the first hour of trading. The Dow was down by 3.8% and the Nasdaq Composite lost 4.6%. The heaviest selling came in the heavy industrials sector, with losses around 5% in various stocks, followed by technology and the financial sector. Read more at The New York Times and The Wall Street Journal.
So there you have it -- the top financial stories for this afternoon. If you're interested in getting all the news and commentary on these stocks, sign up for My Watchlist -- its free!