Policymakers' failure to arrest global economic stagnation sent markets spiraling downward.
Hewlett-Packard Co's board convened to consider ousting CEO Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman.
The Federal Reserve annouced moves to lower long-term borrowing costs and bolster housing.
The IMF said that global economy will grow at a slower pace of 4.0 percent this year, a 0.3-percentage point lower than its projection in June.
President Barack Obama will release a plan on Monday calling for more than $3 trillion in deficit cuts over 10 years
Hundreds of people marched on Saturday near Wall Street in New York in a failed attempt to occupy the heart of global finance to protest greed, corruption and budget cuts.
Obama has separately urged the supercommittee to consider $467 billion in tax increases on top of that goal to pay for a jobs bill he unveiled earlier this month.
The United States government must reduce business regulation to spur job growth, said Jeffrey Immelt.
Bank of America Corp said it will cut 30,000 jobs and slash annual expenses by $5 billion, but investors were unimpressed with the plan and the lack of details on how it will be accomplished.
US consumer credit increased at an annual rate of 5.9 percent in July, the tenth consecutive monthly growth
Obama launched his widely expected new job plan Thursday night to stimulate recovery and strengthen the country's struggling employment situation.
Ten years after the 9/11 attacks destroyed the World Trade Center, an 80-story glass and steel tower is rising like a phoenix from the ashes of ground zero.