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Here and Now with Robin Young and Jeremy Hobson
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midday news program
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Wednesday, October 15, 2014

What’s Behind Falling Stock Prices?

Traders work on the floor of the New York Stock Exchange (NYSE) on October 14, 2014 in New York City. Yesterday, the Dow dropped over 200 points as investors grow concerned about the global economy falling back into recession. (Spencer Platt/Getty Images)

Traders work on the floor of the New York Stock Exchange (NYSE) on October 14, 2014 in New York City. Yesterday, the Dow dropped over 200 points as investors grow concerned about the global economy falling back into recession. (Spencer Platt/Getty Images)

Stocks are falling sharply as traders dump risky assets and park their money in investments seen as relatively safe, such as U.S. government bonds.

The Dow Jones industrial average was down 272 points, or 1.7 percent, to 16,042 as of 11:51 a.m. Eastern time Wednesday. It plunged as much as 369 points shortly after trading began.

Analyst Juli Niemann tells Here & Now’s Jeremy Hobson that the sharp drop in stock prices is a normal correction, but the overall health of the US economy is still good.

Guest


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Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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