Market drops sharply on recession fears
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Stocks slid for a sixth day on Wednesday as disappointing profit forecasts from Apple Inc and Motorola added to recession worries, pushing the Nasdaq across the threshold that signals a bear market.
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U.S. stocks tumbled on Friday as recession worries mounted after the government reported weak job growth in December and rising unemployment.
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Asian and European stock markets fell sharply once more on Monday as investors worried about possible recession and a forthcoming interest rate call in the United States, analysts said.
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Stocks tumbled on Friday after data showed monthly hiring contracted for the first time in four years, fanning recession fears and adding pressure for a Federal Reserve interest-rate cut.
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Asian markets plunged Wednesday after a steep drop on Wall Street overnight fanned investors' fears the U.S. economy was sliding into a recession
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European and Asian shares fall on continuing fears of a US recession and slowing corporate profit growth.
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European and US shares fall sharply as poor economic and corporate news adds to fears of a US recession.
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Stocks tumbled at the open on Tuesday, joining a global equity rout on fears of a U.S. recession.
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Wall Street stocks fell sharply on Wednesday after an index of manufacturing contracted last month to its lowest level since April 2003, raising fears that the US economy is slowing more than expected.
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Growing fears of a US recession and increased worries about the outlook for the financial sector triggered a rout in Asian and European equity markets on Monday. Many indices suffered their biggest one-day declines since September 2001.
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Stocks headed for a slide at the open on Tuesday as fear of a recession gripped investors, prompting the Federal Reserve to slash benchmark U.S. interest rates by 75 basis points in a surprise intermeeting decision.
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The stock market fell sharply last week as the subprime mortgage crisis spilled over into the broad financial markets.
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European equity markets were choppy in the face of deepening US recession fears, with banking stocks providing the biggest drag.
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Business & money: Shares in London fall sharply following a plunge in Asia overnight amid growing fears over US economy
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Wall Street shares slid at the open Tuesday after a surprisingly weak reading on US service sector activity intensified fears about a recession in the world's biggest economy.
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Major Asian stock markets fell as much as 8 percent as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed to heavy selling in New York later on Tuesday.
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Stocks slid sharply on Tuesday, joining a global equity rout on fears of a U.S. recession and pushing the Nasdaq into bear market territory.