Markets Slump on Emerging Market Fears
US stocks closed lower on wild swings over concern on the outlook for emerging markets. TheStreet's Jane Searle speaks with Seaport Securities' Jason Weisberg at the NYSE.
U.S. markets closed lower after a volatile day that saw wild swings over concern on emerging market outlook. Caterpillar jumped nearly 6% after its optimistic forecast failed to offset fears over the risk of another debt crisis in emerging markets, though many fund managers say this scenario is unlikely. A lackluster earnings season has added to weakness while a 26% return for the S&P 500 last year has fueled valuation concerns. TheStreet's Jane Searle speaks with Seaport Securities' Jason Weisberg at the NYSE.
