Stocks Tumble as Job Report Leads Investors to Shift to Bonds
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Investors sought safety in government debt and gold as the latest job report raised fears that corporate profits will weaken.
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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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NEW YORK - Investors pushed stocks lower Friday as a surprisingly lackluster job creation report deepened Wall Street's pessimism over the health of the economy. Blue chips had modest losses despite solid earnings report from General Electric Co...
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Wall Street pulled back sharply Tuesday as investors dealt with disappointing earnings reports and rising concerns about the mortgage market.
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Treasuries prices plunged on Friday  after a startlingly strong U.S. jobs report raised the risk the  Federal Reserve would keep hiking interest rates well beyond  the move widely expected for next week.
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Wall Street pulled back sharply Tuesday as investors dealt with disappointing earnings reports and renewed concerns about the mortgage lending market.
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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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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 fell on Thursday as investors locked in profits ahead of jobs data on Friday that could show further weakening in the economy and hurt corporate earnings.
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Stocks fell sharply at the open 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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NEW YORK, June 12 -- Wall Street plunged Tuesday as investors drove the Dow Jones industrial average down nearly 130 points while grappling with a seemingly relentless rise in bond yields.
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Stocks tumbled on Tuesday after a weaker-than-expected economic report and a sharp fall in China's main stock index unnerved investors after two consecutive days of Wall Street losses.
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Stocks turned lower on Friday as lingering worries about losses in the subprime mortgage lending sector overshadowed signs of continued strength in the U.S. job market.
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US stocks slid on Friday after oil hit a record $53.40 a barrel, while surprisingly weak September jobs data touched off a rally in the bond market.
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Stocks plunged on Tuesday in their second-worst sell-off of the year as the impact of losses in the subprime mortgage group cascaded across the financial sector, knocking down shares of investment banks and traditional lenders.
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Treasuries prices plunged on Friday after a startlingly strong US jobs report raised the risk the Federal Reserve would keep hiking interest rates well beyond the move widely expected for next week.
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Stocks fell on Wednesday after reports showed the housing slump was deepening and spreading to the job market while slowing consumer spending.