Markets Fall Sharply on Weak Business Survey
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Shares plunged after a service-sector report provided another signal that the U.S. may be in the early stages of a recession.
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A slew of dismal earnings results drove European equity markets sharply lower on Thursday as fears grew of a global economic slowdown.
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Wall Street pulled back sharply after an unexpected contraction in the service sector rekindled investorsâ worry that the economy is headed for recession.
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Wall Street stocks fell sharply on Wednesday after an index of manufacturing contracted last month to its lowest level since April 2003, raising fears that the US economy is slowing more than expected.
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Stocks fell sharply on Friday, dragged lower by the heavily weighted financial sector after Bear Stearns Cos. Inc.  said it bailed out a hedge fund that is facing margin calls.
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Stocks tumbled on Friday, with the Nasdaq down more than 3 percent, as data showing weak job growth in December heightened fears of a U.S. recession.
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Financial markets were hit hard by a disappointing jobs report.
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Factory orders suffered their steepest drop in six years last month and an index of pending homes sales fell, according to data on Tuesday highlighting weak spots in the economy and risks to output.
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Stocks fell on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
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Worries over deteriorating business conditions and a weakening job market pushed the Consumer Confidence Index lower, a business research group said.
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Shares fall on renewed fears about the health of the US economy after weak US service sector figures.
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Confidence at Japanese companies fell to its lowest level in more than two years, a closely-watched Bank of Japan survey showed Friday, amid rising anxiety about a possible slowdown in the U.S. economy and recent market turmoil.
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Stocks fell sharply on Friday, as the government announced the first monthly drop in payrolls in four years, stoking market worries about a recession.
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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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Stocks dropped sharply on Friday as recession worries mounted after data showing weak job growth in December and rising unemployment.
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The Dow industrials briefly fell into negative territory, led down by banks, in midday trading on Friday. Stocks sharply pared gains earlier in the day after weaker-than-expected data on new home sales.
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Business confidence in the UK economy has been knocked by the recent market turmoil, a survey says.