Investors felt the pain of one of the biggest sell-offs this year - sending stocks down for the fourth month in a row. Blue chips lost 315 points. The S&P 500 tumbled 37. And the Nasdaq fell back into bear market territory. For the week: The Dow was down just under a percent. The Nasdaq down about 1.4 percent. Another dose of discouraging economic news sparked the exodus. And the selling pressure was so intense at the New York Stock Exchange that for every stock that moved higher more than 6 moved lower. A regional manufacturing survey showed a sharp contraction in February. And consumer sentiment tumbled to a 16 year low. Both reports kept recession fears at the were the latest signs the economy may be on the edge of recession. Investors snapped up bonds as a result. The 10-year note was up more than a point. The 30-year bond was up a point and a half. American International Group was the biggest drag on the Dow.. The insurance giant posted a $5.29 billion quarterly loss...
Behind the sturdy columns of the Treasury Department in Washington, finance ministers and central bankers of the world's seven richest democracies are in crisis mode - what else can they do to calm...
China is "fully confident and capable" it can overcome current economic difficulties, a top official said on Friday. Vice Premier Wang Qishan was quoted by state media saying that China will work...
Investors sell stocks and the dollar on continued worries a possible U.S. recession will spread to Asian economies. MOREINFO: Exporters among the most badly bruised, as investors seek safety in...
Asian stock markets have seen another day of falls in the value of equities as traders continue to fret about a possible U.S. recession. MOREINFO: Notably, the Bank of Japan kept interest rates...
The TSX posted another triple-digit loss Wednesday, with investors stepping away from equities as commodity prices slid and U.S. recession fears grew. At the close, the S&P/TSX composite...
Global markets have been upended on worries the U.S. economy may not be able to avoid a recession. The latest warning signal coming from the consumer. Retail sales plunged 0.6 percent in February,...
Global stock markets collapsed under the weight of rising recession fears. But the Nasdaq was hardest hit. The tech-heavy index had its sharpest one-day point drop since the markets reopened after...
A powerful start to the week as IBM helped send recession fears to the background. The blue chip tech stock helped caused a 171 point rally in the Dow. The S&P 500 was up 15. The Nasdaq gained 38....
Wall Street enjoyed a happy ending to what was the worst January for the Nasdaq on record. At one point the market was up more than 2 percent on Thursday. The Dow settled with a 207 point gain....
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