It was a wild day in the market on Tuesday as the Russian ruble crumbled and stocks had a wild day after opening lower, surging higher, and closing at the lows of the day. First, the scoreboard: Dow: 17, 077.4, -104, (-0.6%) S&P 500: 1,975.5, -14, (-0.7%) Nasdaq: 4,552.8, -52.3, (-1.1%) And now, the top stories on Tuesday: 1. It was all about the ruble. Last night, the Russian central bank unexpectedly hiked interest rates to 17% from 10.5% in an effort to stem the decline in the value of the ruble, which got crushed on Monday. On …read more
Source: Business Insider
