Stocks slide again as U.S. recession risks bite
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Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and promising similar falls for Wall Street as investors abandoned assets exposed to the risk of a global economic slowdown.
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Stocks slumped for a second straight session Tuesday after Wall Street saw an unexpected contraction in the service sector as evidence that the economy is sinking into recession
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Stocks fell for a second day in a row on Friday, with investors skittish about mounting risk aversion that has fueled a global equities sell-off.
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US stocks fell sharply on Tuesday, hurt by retail and housing sector earnings warnings. Financials were roiled by more bad news from the subprime mortgage market.
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European and Asian Markets fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown and dumped stocks that had surged in recent weeks.
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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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Shares plunged after a service-sector report provided another strong signal that the United States may be in the early stages of a recession.
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European and Asian stock markets saw further heavy falls on Monday as worries about a US recession continued to erode investor confidence.
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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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Stocks slid on Friday, driving each of the major indexes more than 1 percent lower, as the government reported the first monthly drop in payrolls in four years, stoking market concerns about a recession.
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Stocks slid 1 percent in a second day of losses on Tuesday as a brokerage's downgrades of investment banks and renewed credit worries hurt financial companies' shares.
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Stocks fell further on Friday, putting Wall Street on course for its worst week in more than four years, as investors worried that a diminishing appetite for riskier assets after this week's market rout will drive stocks down even more.
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Stocks tumbled on Friday, with both the Dow and Nasdaq losing more than 2 percent, after a warning by American Express Co  of mounting credit-card defaults and a slowdown in consumer spending sounded the latest recession alarm.
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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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Business & money: Stockmarkets fell sharply on continuing fears of a recession in the US that also pushed oil prices below $90.
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U.S. stocks fell on Wednesday, with investors uncertain that equities could avert further losses amid lingering concerns about economic growth and fallout from a slowing housing market.
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Stock futures fell on Thursday,  indicating another drop on Wall Street after renewed worries  about the outlook for the financial sector overshadowed a rate  cut from the Federal Reserve.