Market mood swings

Financial markets have been on a wild ride the past two weeks. Here's how markets reacted in the first week of August.

By Peter Westerman | August 10, 2011 at 10:40 AM

Financial markets have been on a wild ride the past two weeks. Political gridlock in Washington brought the U.S. close to defaulting on its debt; European leaders scrambled to prevent a debt crisis from spreading to Italy and Spain; and news on the U.S. economy showed that growth has slowed. Here's how markets reacted in the first week of August:

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