Tag: recession
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Euro Zone Worries Weigh on Stocks
U.S. stocks slipped at Monday’s start as Italy and Greece rushed to form technocrat-led governments in a bid to stave of the euro zone’s debt crisis, and as data showed the region is facing a looming recession. The Dow Jones Industrial Average lately fell 42.91 points to 12,110.77. The S&P 500 fell 9.29 points to…
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Stocks Gain Friday on a Grim Week
U.S. stocks closed modestly higher in a choppy session Friday, but ended sharply lower for the week amid ongoing worries over a global slowdown. The Dow average ended up 37.65 points, or 0.35%, at 10,771.48. For the week, the blue-chip index lost 6.4%. The S&P 500 rose 6.87 points, or 0.61%, to 1,136.43 points Friday,…
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Stocks End Down after Bernanke Offers No New Stimulus
Stocks closed sharply lower Thursday after Federal Reserve Chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy. The Dow Jones Industrial Average fell 119.05 points, or 1.04%, to 11,295.81. The S&P 500 lost 12.72 points, or 1.06%, to 1,185.90. The Nasdaq Composite eased 19.80…
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Stocks Opened Sharply Lower on Euro Zone Debt
U.S. stocks fell sharply Tuesday on renewed fears the euro zone’s sovereign debt crisis is worsening and the U.S. economy was slipping back into a recession. The Dow Jones Industrial Average lately fell 204.34 points to 11,035.92. The Standard & Poor’s 500 Index shed 20.86 points to 1,153.11. The Nasdaq Composite Index declined 39.13 points…
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Stocks Plunge as Jobs Data Disappoints
U.S. stocks opened sharply lower on Friday as a new government report revealed that American employers added no jobs in August and Federal agency will reportedly sue big banks over mortgages. The Dow Jones Industrial Average fell 234.01 points to 11,259.56. The Standard & Poor’s 500 Index declined 26.95 points to 1,177.47. The Nasdaq Composite…