Shares slump on recession fears
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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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Fears that more losses were lurking on the books of European financials sent the sector shuddering lower on Monday and dragged down the wider market.
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Stocks tumbled on Friday, driving major indexes down nearly 2 percent, as data showing the first monthly drop in payrolls in four years stoked fears on Wall Street that the economy was headed into recession.
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Global share prices continue to fall sharply amid fears that a US recession will lead to a global economic slowdown.
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European and Asian stock markets plunged Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
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Financial stocks dragged London's FTSE 100 back below the 6,000 level on Tuesday   after US service sector data intensified fears of US recession.
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Fears of a US slowdown and mortgage market woes prompt a share slump in Europe, Asia and Wall Street.
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Business & money: Share price plunges after disappointing profits raising fears over America's economic slowdown
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Stocks tumbled on Tuesday following recession worries that sparked a global equities sell-off, but the market regained some ground amid optimism over a surprise interest-rate cut by the Federal Reserve.
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World stocks fell sharply on Monday, battered by fears of U.S. recession and investor disappointment about a fiscal rescue plan promoted by the U.S. administration.
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Stocks slid for a sixth session on Wednesday, led by the Nasdaq's drop of more than 3 percent as profit forecasts from Apple Inc and Motorola added to recession fears.
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U.S. stocks tumbled on Tuesday after a  warning by phone company AT&T  of soft consumer spending  sparked a new round of recession fears, helping drive the S&P  to its worst-ever five-day start to a year.
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Stock index futures sank on Tuesday as fear of a recession gripped investors, suggesting Wall Street will join a global equities plunge that could usher in a bear market.
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U.S. stocks dropped sharply on Tuesday after Bloomberg reported that AT&T  sees softness in its consumer business, sending shares of the phone company tumbling more than 6 percent and raising more fears about recession.
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Stocks dropped on Monday, with the Nasdaq losing more than 1 percent, as worry about a possible recession hurt economically sensitive stocks like energy and financial shares.
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Stocks skidded in early trading after weak economic news and a disappointing quarterly report from Citigroup stirred renewed concerns of recession.
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Leading British shares nosedived to session lows as Wall Street slipped amid ongoing concerns about the weak US currency.