Authors: Jeanette Torres
Medioimages/Photodisc/Thinkstock(NEW YORK) -- Will there be a recovery in the stock market Tuesday after Monday's dizzying plunge?
That's the question going around on Wall Street, which suffered one of its worst ever losses to start the week, as stocks dropped about six percent.
On Tuesday morning, futures swung from big losses to solid gains. But there remains lots of nerves among traders and investors, and volatility is the only near certainty in Tuesday's trading.
Overseas, Spain and Italy saw their borrowing costs drop for a second day. This comes after the European Central Bank jumped in to buy bonds and stop the rise in interest rates.
In other news, a new government report found that U.S. workers were less productive during the spring quarter. The labor department says productivity fell for the second straight quarter. Labor costs, on the other hand, rose.
Copyright 2011 ABC News Radio
