FEYERICK: Welcome back. And what a week on Wall Street. Markets wrapping Friday after a wild week. And then the sticker shock last night. Standard & Poor's downgrading the United States prize AAA credit rating. Alison Kosik, who was at the New York Stock Exchange, explains some of the circumstances that led to the downgrade.</s>ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Hi, Deb. Volatility was the word on the week here on Wall Street. The bears overpowered the bulls with uncertainty and fear as the main emotions driving the trade. The big headline session came on Thursday when the Dow plunged more than 500 points. The losses came as investors worried that the global economic recovery was coming apart at the seams. Specifically about the possibility of the European debt crisis spreading to the United States' borders. And whether Italy would be the next shoe to drop. A stream of negative economic reports on manufacturing, spending and the service sector earlier in the week added to the downbeat sentiment. Thursday's tumble marked the Dow's ninth biggest point drop ever. But to put that in perspective, it was only the blue chip's 116th biggest drop percentagewise. A much more accurate indicator of loss. Both the Dow and the S&P; 500 have now dipped into correction mode, which is a 10 percent decline from their recent highs. And then on Friday, the July jobs report seemed to stem the pessimism somewhat. U.S. employers added 117,000 positions last month and the jobless rate ticked down to 9.1 percent. But one positive report does not make a trend. And traders tell me they're still worried about the possibility of a double-dip recession -- Deb.</s>FEYERICK: OK. Thanks, Alison Kosik. With everything these days seemingly made in China, it's refreshing to see something so quintessentially Chinese made here in the U.S. Chopsticks from a manufacturer in Georgia. And business, well, it's booming. We'll take you there next on our "Passport."
Difficult Week on Wall Street