Stocks sink on '87 crash anniversary
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NEW YORK  -Caterpillar Inc.'s warning that the housing slump was infecting the wider economy sent U.S. stocks tumbling by the most in more than two months on Friday, in a drop that was made more unnerving as it marked the 20th anniversary of the 1987 market crash.
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Stocks fell on Friday, giving Wall Street its worst week in more than four years, as a diminishing appetite for riskier assets fueled a further rout in global equity markets.
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World stocks tumbled on Monday as fears gripped investors that a sliding U.S. economy would drag others down with it.
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Stocks tumbled across the board Tuesday, with the Dow industrials sinking about 500 points at one point. It closed 415 points down -- the biggest one-day drop in three years. The New York Stock Exchange tried to limit declines by imposing trading curbs. The selloff is on the back of a nearly eight-month rally.
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Asian stocks tumbled anew on Friday after the latest salvo of sour signals about the U.S. economy pummeled Wall Street, sending the benchmark S&P 500 sprawling 3 percent lower to a 15-month nadir.
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Stocks plunged yesterday as the Dow Jones industrial average fell more than 240 points and troubles piled up for subprime lenders.
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YESTERDAY - October 24 - was the 75th anniversary of the first day of the 1929 Wall Street Crash. As Professor JK Galbraith noted: &#39;That day 12,894,650 shares changed hands, many of them at prices which shattered
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The 20th anniversary of the stock market's brutal 1987 crash has triggered explosive debate about whether today's raging, yet dubious, bull market in world stocks is headed for the same fate.
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Asian stock markets fell on Monday, reacting to Friday&#39;s poor US economic news.
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House prices suffered their worst  decline since at least 1987 in the second quarter from a year  earlier as the housing downturn has deepened, according to the  S&P/Case-Shiller U.S. National Home Price Index.
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Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry drove down financial services shares and the price of oil hit a 2007 high.
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The 1987 stock market crash, whose anniversary fell this week, still features more prominently in the popular memory than any financial disaster since 1929. No doubt the speed of the fall, which knocked 22 per cent off the Dow Jones Industrial Average on the single day of Black Monday, helps explain that fact.
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Stocks tumbled Tuesday, continuing the abysmal start to the new year, as investors eyed a sharp jump in consumer credit and a warning from AT&T about its consumer business - and opted to bail out of a variety of sectors.
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U.S. stocks tumbled on Friday, battered by disappointing results from bellwether stocks such as Caterpillar Inc.  and Google Inc. , and worry that fallout from the risky subprime mortgage market may spread.
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U.S. stocks sank on Wednesday, with the Dow getting off to its worst-ever start to a year, after data showed a surprise contraction in manufacturing and oil surged to $100 a barrel, raising the specter of stagflation.
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U.S. stocks fell on Friday, with major indexes sliding 1 percent, after bellwether stocks, including Caterpillar Inc.  and Google Inc , posted disappointing earnings.
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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.