Stocks Head Lower After Bank of America Disappoints
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Bank of America missed analystsâ earnings expectations and provided investors with more evidence of how the mortgage and credit crisis has affected the economy.
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Stocks slid Monday, although many investors stuck to the sidelines ahead of a key meeting of the Federal Reserve. Tech shares were flat.
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U.S. stocks opened lower on Thursday,  as investment bank Goldman Sachs Group Inc. GS.N reported  smaller-than-expected revenues, while a slew of data gave a  mixed picture of the economy.
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Stocks edged lower on Wednesday on disappointment about corporate financial results and uncertainty whether an expected Federal Reserve rate cut could head off a U.S. recession.
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Stocks headed for a lower open on Tuesday, with financial company shares set to lead losses due to renewed global credit concerns and nervousness before a report on consumer confidence.
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U.S. stocks closed lower on Monday, led by financial shares, as a rush by savers to pull deposits from a large British mortgage lender fueled concerns that turmoil in the credit markets would spread.
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U.S. shares were seen opening a touch weaker on Wednesday as markets mull the Federal Reserve's cautious assessment of the economy and await third-quarter results Morgan Stanley  and Bear Stearns .
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U.S. stocks headed for a lower open Thursday as investors appeared skeptical that a plan from the Federal Reserve and other central banks to ease tightness in the credit markets would prove effective.
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Stocks dropped in early trading, with Wall Street taking few chances amid concerns that shrinking credit is hurting the economy.
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Wall Street stocks fell sharply on Friday after a cautious earnings outlook at American Express (NYSE:AXP) added to worries that US consumer spending is headed for a sharp slowdown.
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Worries about the world-leading U.S.  economy and fears over bank credit rippled across financial  markets on Monday, sending stocks sharply lower and dragging  the dollar to a record low against the euro.
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Stocks fell on Tuesday as a brokerage's downgrades of investment banks and renewed credit concerns hit shares of financial companies, while data fueled doubts about the economy's outlook.
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Worries about the world-leading U.S. economy and fears over bank credit rippled across financial markets on Monday, sending stocks sharply lower and dragging the dollar to a record low against the euro.
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Wall Street stocks were set for a lower start on Wednesday, as investors looked to pull back some of the market&#39;s sharp gains on Tuesday.
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US stocks were weaker on Thursday during another volatile session in which concerns about further writedowns linked to credit market losses spooked the market.
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Stocks slid on Tuesday as the subprime  mortgage crisis escalated, undermining banking shares, while  Home Depot Inc.  and other housing-related companies  lowered their outlooks.
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Wall Street stocks fell sharply on Friday after a disappointing earnings outlook at American Express (NYSE:AXP) compounded worries that the US economy is heading for a sharp slowdown.