The Wall Street fed on the fear and plummeted, amid growing concerns about the European economic scenario. Wall Street experienced massive sell-offs, with investors putting money into safe US government bonds. The situation at Wall Street was such that all major stocks fell and the price of gold flew to $1,822 an ounce.
The Wall Street behaved this way due to scarily real indications of this being a double-dip economic depression, highlighted by the as of yet unrecovered European banks' scenario.
Wall Street industrial average fell 3.68% to 10,990.58, Standard & Poor's 500 Index declined 4.46% to 1,140.65 and Nasdaq lost 5.22%.
Only time will tell if Wall Street covers up all losses or fails to recover at all.