October 07, 2008 1:19 PM ET

The central bank will buy commercial paper, but markets remain volatile. Royal Bank of Scotland plunges on talk it is turning to the British government for help. Bank of America will cut its dividend. Stocks to watch: Bank of America, MasterCard, Advanced Micro, Nokia and Ford.
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Financial news center

Fed creates commercial paper-buying facility

The Federal Reserve on Tuesday announced it would create a special-purpose facility, with the Treasury Department's blessing, to begin buying commercial paper in yet another emergency move aimed at calming chaotic financial markets. 10/7/2008 9:59 AM

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Market update

[BRIEFING.COM] The stock market extends its decline, now down more than 2%.  All ten sectors are posting a loss as buyers sit on the sidelines.

Market breadth is bearish.  Declining issues outpace advancers by nearly 3-to-1 on the...more...

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Intraday Chart
10-Yr Note104.22-0.25
EUR/USD1.36370+0.02
GBP/USD1.75193+0.01
USD/JPY102.35414+0.86

1:19 PM ET.


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