this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. worries about too much debt in europe triggered a big stock market sell-off around the world today. tom, behind the selling-- serious questions about that plan to bail out greece. >> tom: susie, on wall street, the dow tumbled 225 points, the nasdaq plunged 74, and the s&p 500 lost 28 points. volume picked up considerably on both the new york stock exchange and the nasdaq. but the one silver lining was the u.s. dollar-- it rose as the euro fell to a one-year low against the dollar, thanks to the european debt worries. >> susie: the crisis of confidence comes as investors worry about the greek debt crisis spreading to other countries in europe. we have two guests to analyze the issues-- a wall street market strategist, and a top economist from the international monetary fund. th

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. investors cautiously tip-toed back to the stock market today, after yesterday's massive sell off. tom, all the major averages closed up, but there was still a wave of heavy selling at the open. >> tom: susie, it was a choppy day and at the start of trading. the dow fell below the psychologically important 10,000 level. but it stayed above its flash crash low. by late morning, buyers came back and it finished higher by 125 points. still a lot of worries about financial problems in europe, even though a trillion dollar bailout package got the okay from german lawmakers today. as erika miller reports, investors and traders on wall street are not convinced the selling is over. >> reporter: you don't have to go to an amusement park to take a wild ride these days. just invest in the

goodnight everyone and goodnight to you too, tom. >> tom: good night, susie. i'm tom hudson. goodnight everyone, we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more.

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. more selling on wall street today with all the major indexes closing in the red on new worries about the european financial system. tom, this time investors reacted to the bailout over the weekend of a troubled savings bank in spain. >> tom: susie, caja sur is a small bank, but it could spell bigger problems for european debt crisis. the bank of spain took it over, giving it access to about $690 million in emergency money. >> susie: the euro today also fell sharply again against the u.s. dollar and other major currencies. it has dropped 7% in the past month alone. the big question here is whether these cracks in the european system will affect american companies and our economy. joining us now to talk more about this, mohamed el-erian, c.e.o. of pimco, the world's largest bond