The commodity market was another such example, where prices such as of crude oil and copper declined significantly. As these developments suggest, global financial and capital markets remained unstable during this time as the effects of the sudden market turmoil became widespread.
Meanwhile, financial conditions rapidly became less accommodative worldwide, to the extent that the U.S. Federal Reserve inevitably implemented successive measures in response, such as unlimited purchases of U.S. government bonds and purchases of CP and corporate bonds.