Worries about a loss of momentum in the U.S. economy continued to make stock markets jittery Thursday. Major foreign exchanges experienced sell-offs following the sharp drop of more than 2 percent in U.S. indexes Wednesday. The markets are responding to data that suggest the U.S. recovery will remain a long, hard slog.
Mark Vitner, senior economist and managing director of Wells Fargo, says the market sell-off was a response to a tide of negative news in the past few days.
"There's been a lot of disappointing economic data," he says.