Stocks Slump in Early Trading
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Investors, frightened by the prospect of a new subprime mortgage crisis that could dwarf the write-downs of the last few months, sent markets lower.
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U.S. stocks slid sharply on Friday, after bellwether stocks such as Caterpillar and Google posted disappointing earnings.
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U.S. stocks fell sharply on Tuesday, pushing all three major indexes down 1 percent, as mounting losses in the subprime mortgage sector caused investors to sell riskier assets.
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Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and promising a woeful start for Wall Street as investors dumped assets exposed to the risk of a global economic slowdown.
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The Nasdaq Composite index fell more than 2 percent and the Dow industrials were more than 1.5 percent lower in late morning trading on Friday as worries about the economy escalated.
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Stocks were mixed in volatile trading a day after the market suffered its worst slide since 2001 as weak economic data prompted investor worries.
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U.S. stocks plunged on Tuesday, joining a global equities rout sparked by the biggest one-day drop in Chinese stocks in a decade.
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Wall Street fell sharply in early trading, then regained ground, turning higher in late morning as investors sorted through bad economic news and the Fedâs latest rate cut.
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Stocks fell sharply at the opening on Tuesday, with each of the major indexes down more than 1 percent, after weaker-than-expected retail sales data and Citigroup Inc's  quarterly loss.
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Stocks fell on Thursday, led lower by tech shares as investors worried about the impact of a slowing economy on the outlook for profits.
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U.S. stocks fell in early trading Monday after heavy sell-offs in Asian and European stocks as investors remained concerned about subprime loan losses.
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Stocks were forced to give up early gains, driving the Dow Jones industrial average down more than 140 points.
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Stocks dropped in early trading, with Wall Street taking few chances amid concerns that shrinking credit is hurting the economy.
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Shares were down in early trading today as Wall Street, cautious after a drop in durable goods orders and a meager decline in jobless claims, awaited data on new home sales.
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European stock markets fell strongly in early dealing following a weak overnight showing by Wall Street and widespread gloom for Asian markets.
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European stock markets retreated in early trading after sharp falls overnight on Wall Street as a surge in oil prices rattled investors.
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Wall Street extended its decline in early trading today, falling on nagging concerns about mortgage defaults and also following the lead of stock markets that tumbled abroad. The Dow fell 4.2 percent last week including Tuesday's 416-point plunge, fell about 62 points to the 12,051 level in the opening minutes of trading.