American Morning

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August 9th, 2011
12:04 PM ET

Dow drops more than 600 points yesterday – how are the markets reacting today?

Following Standard & Poor's Friday downgrade of the United States' credit rating, Wall Street had its worst day yesterday since the 2008 recession.

U.S. stocks have fallen 15% during the past two weeks and Monday's beating was the most brutal thus far, amounting to a paper loss of about $1 trillion.

Jim Awad, managing director for Zephyr Management, discusses the state of the markets with Ali Velshi on American Morning today.

Filed under: Wall Street
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