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The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor's downgraded American debt and gave investors another reason to be anxious.

Investors should think twice before making any rash moves Monday.

Stalled contract negotiations led thousands of workers in Verizon Communication Inc.'s wireline division to go on strike Sunday, potentially affecting landline operations as well as installation of services like FiOS, its fiber-optic television and Internet lines.

A stronger jobs report wasn't enough to calm financial markets or stem concerns that the debt crisis in Europe could threaten the fragile U.S. economy.

Stocks rebounded Friday as investors breathed a sigh of relief at the news that the U.S. added more jobs than expected during July, putting a halt to one of the worst selloffs since the height of the 2008 financial crisis.

Global stock markets tumbled Friday amid fears the U.S. may be heading back into recession and Europe's debt crisis is worsening. The sell-off follows the biggest one-day points decline on Wall Street since the 2008 financial crisis.

The two-week plunge in stock prices is signaling economic anxiety, but it's also compounding the problem: Lower stock prices are shrinking Americans' wealth, rattling their confidence and making them less inclined to spend. And employers may become even slower to hire.

An obscure provision tucked into the federal health care law has turned into a jackpot for Massachusetts hospitals, but officials in other states are upset because the money will come from their hospitals.