Wall St. drops as Bush rescue plan disappoints
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Stocks tumbled for a fourth day on Friday to close out the worst week for the S&P 500 in five years on worry that a White House effort to boost the economy may not prevent a recession.
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Stocks dropped on Friday as investors tempered their optimism that the economy could avoid recession, and locked in profits on banking and pharmaceutical shares after two days of sharp gains.
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Stocks fell on Friday after initial news of a White House stimulus package raised doubts about how much of a boost it would give the economy.
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U.S. stocks tumbled on Tuesday after  minutes from a Federal Reserve meeting in December showed  policy-makers were concerned that interest rates were still too  low to forestall inflation.
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NEW YORK  -Stocks fell on Thursday, with the benchmark S&P 500 plummeting to a 15-month low, as news of a plunge in regional factory activity and a hefty loss at Merrill Lynch further clouded an increasingly dire view of the economy.
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U.S. stocks tumbled on Friday, battered by disappointing results from such bellwethers as Caterpillar and Google, and more signals that fallout from the risky subprime mortgage market may spread.
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Despite statements from Federal Reserve Chairman Ben Bernanke and President Bush, it was a withering week on Wall Street.
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Stock markets across most of Asia fell 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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Stocks declined Monday, the last day of a volatile and difficult year on Wall Street.
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Retail stocks fell on Thursday as analysts said a proposed $150 billion U.S. economic stimulus package aimed at averting a recession will provide little relief for struggling retailers and cash-strapped consumers.
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Wall Street stocks fell sharply on Friday amid fears of bigger-than-expected writedowns and loan-losses at financial companies and as Bank of America (NYSE:BAC) agreed to absorb Countrywide Financial, the troubled mortgage lender.
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Shares were down in early trading today as Wall Street, cautious after a drop in durable goods orders and a meager decline in jobless claims, awaited data on new home sales.
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Wall Street shares fell for a third consecutive day as confidence waned during the session after housing starts hit a 14-year low and renewed concerns about the health of the US economy.
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US stocks were volatile on Friday as traders weighed up the first fall in US employment in 4&frac12; years against a possible rescue plan for troubled bond insurers.
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U.S. stocks wobbled lower on Wednesday  as reports that several people had been sickened in an office  in Washington raised terrorism fears, upsetting the market, and  oil prices jumped.
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U.S. stocks tumbled on Monday, with major indexes falling by their biggest margin in months, amid concern about Google Inc.'s  valuation and doubts about holiday spending after a disappointing sales estimate from Wal-Mart Stores Inc. .
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Retail stocks fell on Thursday as  analysts said a proposed $150 billion U.S. economic stimulus  package aimed at averting a recession will provide little  relief for struggling retailers and cash-strapped consumers.