Stocks take pounding on Wall St
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Stocks crashed across-the-board on Wall Street yesterday as the spike in oil prices compounded weakness due to a Cisco downgrade and weak numbers by Morgan Stanley.
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NEW YORK - Stocks tumbled Wednesday as investors saw a surge in oil prices and disappointing earnings from Morgan Stanley as a reason to collect profits from gains of the last month. The Dow Jones industrial average dropped 135 points, and all three major indexes saw their biggest losses since early August...
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Stocks slid on Thursday afternoon, with financial shares hurt by rising bond yields.
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Wall Street finished a volatile session mixed yesterday as investors grappled with the possibility that the Federal Reserve might not lower interest rates as much as they hope.
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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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A vicious rout of global stock markets at the start of the week sent the Federal Reserve scrambling to slash U.S. interest rates on Tuesday and the White House and Congress sped up work on tax cuts and other steps to ward off a possible recession.
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U.S. stocks edged lower on Thursday as investors were cautious a day after a rally pushed the Dow to an all-time high and before employment data on Friday.
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NEW YORK, June 20 -- A surge in Treasury yields rattled Wall Street on Wednesday, forcing stocks to give up early gains and drive down the Dow Jones industrial average more than 140 points.
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US stocks were set for more pain on Friday as heightened credit concerns and fresh bad economic news weighed on investor sentiment.
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Wall Street staggered through another volatile session Wednesday, giving up gains of a modest rally in the last minutes of trading.
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Stocks fell further on Friday, putting Wall Street on course for its worst week in more than four years, as investors worried that a diminishing appetite for riskier assets after this week's market rout will drive stocks down even more.
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U.S. stocks tumbled on Tuesday, driving the Dow Jones industrial average down in its worst slide since the aftermath of the September 11 attacks, as a sell-off in China's stock market raised concerns that equity valuations may be too high.
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Stocks extended losses after midday on Thursday, with the S&P 500 and Dow industrials now down 1 percent with the Nasdaq, pressured by financial stocks after an analyst warned of larger write-offs in the sector and by an assassination in Pakistan.
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Stocks fell on Friday, setting Wall Street on course for its worst week in more than four years, as the diminishing appetite for riskier assets fueled a further rout in global equity markets.
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Volatile global stock markets suffered more losses Friday, with Wall Street hit by heavy selling as edgy investors retrenched ahead of the weekend with other bourses still skittish from this week's turmoil.
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U.S. stocks edged lower on Friday   after a four-day rally as investors were weary of placing bets   as the Dow traded near a record high and Wall Street headed for   its best third quarter in nine years.
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Stocks were knocked lower on Thursday  as investors worried that rising prices for oil and commodities  would shrink corporate profits, while drug shares fell on  possible stricter scrutiny from regulators.