Stocks Fall Sharply on Economic News and Bank Woes
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Stocks fell sharply after an economic report showed retail sales fell in December and two large banks announced big investments from overseas amid rising losses.
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Worries about the world-leading U.S. economy and fears over bank credit rippled across financial markets on Monday, sending stocks sharply lower and dragging the dollar to a record low against the euro.
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Wall Street pulled back sharply Tuesday as investors dealt with disappointing earnings reports and rising concerns about the mortgage market.
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Stocks slid sharply on Tuesday after Merrill Lynch cut its rating on three investment banks, while housing and consumer confidence data added to doubts about the economy's health.
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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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A surprisingly weak jobs report sent the markets reeling and plunged the major stock averages into a deficit for the week.
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U.S. stocks fell on Thursday, led lower by technology shares, as investors turned skittish about Friday's jobs report and the economy's prospects.
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Stock prices extended their losses on Wednesday as Wall Street faced an array of unwelcome economic news that stirred concerns about high inflation.
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U.S. stocks fell on Thursday after worries about bad mortgage debts hit bank shares and a warning from luxury home builder Toll Brothers Inc.  reignited concern about the erosion of the housing market.
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U.S. stocks slipped on Friday on signs   the economy may be slowing more sharply than previously   thought, threatening corporate profits, including those of   large industrial companies.
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U.S. stocks slid sharply for a second day on Wednesday after data showing higher-than-expected labor costs stoked fears that inflation and rising interest rates will harm corporate profits.
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Stocks dropped on Friday as investors tempered their optimism that the economy could avoid recession, and locked in profits on banking and pharmaceutical shares after two days of sharp gains.
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Stocks fell on Thursday as shares of financial services companies slid on concerns about the lingering effects of the credit crunch following Bank of America Corp's disappointing quarterly results.
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Stocks fell sharply and goverment bonds rallied on Tuesday as further bad news from the beleaguered US mortgage sector fuelled concerns over growth prospects for the broader economy.
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Stocks fell sharply on Thursday, with the Nasdaq and S&P both losing more than 1 percent as concern mounted that more financial services companies would report big losses from the credit crisis.
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Stocks dropped sharply on Friday as recession worries mounted after data showing weak job growth in December and rising unemployment.
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Stocks fell further on Tuesday, sending the S&P 500 down more than 1 percent, as a downgrade of investment banks and renewed credit concerns drove a slide in shares of financial companies, while data painted a worrying picture about the economy.