US EditionDow closes nearly 500 points lower as investors fear the US economy is faltering
- U.S. stocks fell sharply after weak data raised concerns about the economy, with the Dow closing down 514 points, or 1.2%.
- First-Time applications for jobless benefits rose to 249,000, the highest since last August, according to the Labor Department.
- The unemployment rate reached 4.1%, marking the highest level in over two years, with indications of a slowing labor market.
35 Articles
35 Articles
Stock market today: Wall Street tumbles on worries about U.S. economy after weak jobs report
A sell-off for stocks has made it all the way around the world. Wall Street is tumbling again on worries about whether the U.S. economy’s growth can hold up until the Federal Reserve cuts interest rates. The S&P 500 fell 1.5% early Friday. The Dow Jones Industrial Average lost 485 points, ...
Indian Stocks Fall After Recession Fears Spark Wall Street Sell-Off
The Indian stock market opened lower this morning amid weak global cues, with the Sensex nosediving over 700 points and the Nifty tumbling more than 200 points. Earlier, Wall Street stocks tanked after weak manufacturing data sparked worries about a US recession. European stocks, too, fell after disappointing bank earnings. In the US, all three major indices finished lower. Nasdaq Composite fell the most at 2.3%. US equities had opened higher af…
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