Wednesday Must Read: Cops Arrest Suspects in Murder of 3-Year-Old; Stock Market Plummets Again This Morning

Stories you shouldn’t miss:

1. Police have arrested two suspects in the fatal shooting of a 3-year-old innocent bystander in Oakland, the Trib reports. The suspects were apprehended in the East Bay city of Pittsburg following an intense manhunt in the wake of the brazen shooting on Monday afternoon, although details of the arrests remained sketchy this morning. The 3-year-old was gunned down on busy International Boulevard in broad daylight when shooters sprayed the area with bullets in an attempt to kill two men who were nearby. Those men escaped with minor injuries.

2. The bipolar stock market plunged dramatically again this morning, nearly erasing the gains from yesterday afternoon’s major rally, The New York Times reports. Stocks shot up yesterday after the Federal Reserve announced that it plans to keep interest rates low for the next two years, but then this morning jittery investors began dumping stocks, as they had done throughout July. As of 10 a.m. Pacific, the Dow Jones was down 344 points.

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