Stock Market Plummets

Stocks plummeted Thursday in response to two days of signals from the Federal Reserve that the massive bond buyback program may be scaled back. The Dow Jones industrial average fell nearly 353 points, which comprised its largest single-day drop since November 9, 2011. Standard & Poor’s was down around 41 points, and Nasdaq fell 78.57 points. The plunge comes from investor worries that without federal intervention, the economy won’t be able to stand on its own feet.