Treasury Monitoring 'ongoing' Market Developments

The Treasury Department is as always monitoring "ongoing market developments," a spokesman said Monday in a short statement. "We do not comment on day-to-day market developments," the statement said. The statement was issued on a volatile day for U.S. stocks, with the Dow Jones Industrial Average's intraday rebound running out of steam in afternoon trading. The index had earlier recovered from a 1,000 point drop. The statement said the Treasury "is in regular communication with its regulatory partners and market participants."