14 Articles
14 Articles
Stocks fall to cap chaotic week driven by fears about banks
By STAN CHOE (AP Business Writer) NEW YORK (AP) — A whipsaw week for Wall Street closed with drops for stocks Friday as worries worsened about the banking industry and fears rose that it could drag the economy into a recession. The S&P 500 sank 1.1%, cutting into its gain for the week. The Dow Jones Industrial Average lost 384 points, or 1.2%, while the Nasdaq composite fell 0.7%. Markets around the world churned this past week as worries rose…
Stocks fall to cap chaotic week driven by fears about banks
NEW YORK (AP) — Stocks fell Friday to end a whipsaw week on Wall Street amid rising fear among investors that turmoil in the banking industry could drag the economy into a recession. The S&P 500 sank 1.1%, cutting into its gain for the week. The Dow Jones Industrial Average lost 384 points, or 1.2%, while the Nasdaq composite fell 0.7%. Markets around the world churned this past week as worries rose following the second- and third-largest U.S. b…
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