The stock market indices in the U.S. plummeted during the last trading session.
The sell-offs that initiated Wednesday, carried through and continued after
opening bell Thursday. The Dow Jones experienced significant losses just after
opening bell and did not recover. At one point, the Dow Jones Industrial Average
had lost approximately 500 points on the day. Investors on Wall Street
experienced a disappointing reality on Wednesday when the Federal Reserve posted
remarks after its two day policy meetings. Many were hoping for the Feds to come
to the economic rescue, but this did not happen. The Feds will not be initiating
another round of economic stimulus at this point in time. The dollars that
investors were hoping to see injected into the economy are not forthcoming. The
primary indices moved significantly lower as stocks were hammered throughout the
day. U.S. stocks ended sharply lower and many fear the recession double dip, and
some expect it could be worse. Individual stocks felt the heat and a multitude
of funds dropped lower as a result. The USAA Aggressive growth mutual fund
closed out the day in the red. USAUX dropped 3.72 percent on the day to close
out at 30.02 per share. Previous close for the fund was 31.18. Frank Matto
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