Faith and prayer guide Americans after attacks
Americans seek solace in church services across the nation, praying for comfort and clarity. Clergy share reflections on loss and resilience while congregations fill worship spaces and processions echo with patriotic songs. Leaders from Hartford to New York praise rescue efforts as citizens seek unity and perspective.
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God Bless
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Stocks Reopen as Wall Street Resumes Trading After Shutdown
Wall Street reopened after a four day shutdown following last week's terrorist attacks. The Dow fell over 500 points and the Nasdaq declined about 83 as investors feared profits and airline stocks led the rout. Warren Buffett said he would not sell, while the Fed cut rates by 0.5 percent to bolster confidence. The NYSE observed a moment of silence and the opening bell was rung by rescue workers and officials.
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Fed Cuts Rates to Stem Recession After Terrorist Attacks
The Federal Reserve cut the federal funds rate by half a point to 3 percent, the lowest in nine years, the eighth cut this year. The move followed an emergency 6:30 a.m. conference call and aimed to stabilize a shaken U S economy after the World Trade Center bombing, with the Fed pledging ample liquidity until markets normalize.
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Bush seeks tools for investigators
Washington AP report says the Bush administration requests sharper tools for investigators, including enhanced wiretap authority and penalties for harboring terrorists, to accelerate responses after recent hijacking disasters. Justice officials note a New York grand jury is seeking warrants for material witnesses amid two arrests and ongoing secrecy rules.
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