Giving Up Gains, Shares Fall for 3rd Day
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Wall Street pulled back yet again after a Federal Reserve official suggested that rising inflation could prevent the central bank from making further interest rate cuts.
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U.S. stocks fell for a third straight day on Tuesday after a report showing weaker-than-expected orders for manufactured durable goods spurred worries about the strength of corporate profits.
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European stocks fell for the third day in four as the price of oil neared a record, deepening concern that profit growth will slow.
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The FTSE 100 gave up some of the previous day's gains as dealers looked ahead to the US interest rate decision later on Wednesday.
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Stocks slid on Friday as investors  sold shares on concerns about increasing risk aversion in  global financial markets.
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The price of crude oil fell for a third straight day on Friday, sliding back toward the US$50 mark after a surprising midweek US petroleum stocks report and China&#39;s latest moves to cool its economy.
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Stocks tumbled on Tuesday, with the three major indexes posting their worst single day performance since March 13, as disappointing results from DuPont Co. and Countrywide Financial Corp. heightened concerns about the housing market.
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Stocks extended losses on Tuesday, driving all three major indexes down more than 1 percent, as mounting losses in the subprime mortgage sector caused investors to sell riskier assets.
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After weeks of gains, the broad stock market gave up ground last week, while trading volumes declined in advance of the Memorial Day weekend.
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European shares snapped a three-day winning streak yesterday and ended slightly lower, with bid activity propping up telecoms, while heavily-weighted oil majors Shell and BP eased.
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U.S. stocks ended sharply lower on Friday, with all three major indexes snapping a three-week streak of gains, after disappointing results from companies such as Caterpillar Inc.  and Google . Concerns about more credit problems tied to the subprime mortgage market added to the weaker sentiment.
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Asian and European stock markets headed down again Wednesday after a broad global sell-off the day before that included a more than 3 percent drop in the Dow Jones industrial average and the loss worldwide of an estimated trillion dollars in equity.
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Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry drove financial services shares down for their worst drop in a month and the price of oil hit a 2007 high.
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Slashed earnings estimate pulls down shares.
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Wall Street tumbles for third day as interest rates rise.
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Most markets in Asia were down between 2 and 3 percent today, their biggest drops since the sell-off two weeks ago.
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Most markets in Asia fell by between 2 and 3 percent today as Wall Street was steady after yesterdayâs losses.