Stocks Plunge on Economic News and Bank Woes
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Stocks fell sharply after retail sales fell in December and two large banks announced investments from overseas amid rising losses.
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Stocks fell on Monday as investors fretted about the U.S. economy's health and fears about a global slowdown mounted.
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Worries about the U.S. economy and fears over bank credit rippled across financial markets on Monday, sending stocks sharply lower and setting up Wall Street for a poor start.
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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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Stocks tanked Tuesday afternoon, after a report showing a big slowdown in the services sector of the economy amplified fears that a recession is underway or imminent.
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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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U.S. stocks fell at the open on Thursday, pressured by declines in banking shares after Britain's HSBC  warned that bad debts from its U.S. mortgage lending business would hurt results.
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US stocks suffered a late afternoon plunge on Tuesday as downbeat news from AT&T and more trouble in the housing market raised fresh fears over the health of the US economy.
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U.S. stocks slid on Tuesday after Merrill Lynch warned that ailing credit markets will hurt bank profits, while reports showing eroding consumer confidence and falling home prices added to concerns about the economy.
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U.S. stocks fell on Thursday as data signaling strength in the economy and rising bond yields increased interest-rate concerns, spurring investors to lock in profits before a long holiday weekend.
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Stocks slid sharply for a second day on Wednesday after data showing higher-than-expected labor costs fueled concern that inflation and rising interest rates will hurt corporate earnings.
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Stocks plunged on Tuesday after a record quarterly loss at top U.S. bank Citigroup Inc and a surprise drop in December retail sales fueled fears that the economy was heading into a recession.
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Stocks fell on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
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Asian markets plunge after new signal of American recession prompts steep declines on Wall Street.
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Stocks plunged Tuesday, driving the Dow Jones industrials down 200 points and erasing the gains from the past three sessions, as troubles for subprime lenders kept piling up and U.S. retail sales came in weaker than anticipated.
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Stocks plunged yesterday as investors, nervous about earnings reports, cringed at troubling forecasts from two retailers, Home Depot and Sears, and at soaring oil prices.
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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.