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Black Monday: Global Panic Sets In as the Dow Drops 1,000 Points at the Opening BellDavid Francis
10:46 a.m.: IBM and Caterpillar lead Dow lower The Dow has dived almost 700 points in early Thursday trading, putting the blue-chip average on track for its worst day this year. IBMandCaterpillarled the 30-stock index into the red, dropping more than 9% and 7%, respectively, on the ...
The Dow has dived almost 700 points in early Thursday trading, putting the blue-chip average on track for its worst day this year. IBMandCaterpillarled the 30-stock index into the red, dropping more than 9% and 7%, respectively, on the back of earnings. Both missed analyst estimates for...
NEW YORK, June 16 (Xinhua) -- U.S. stocks fell sharply on Thursday as steep sell-off continued on Wall Street amid rising recession fears. The Dow Jones Industrial Average tumbled 741.46 points, or 2.42 percent, to 29,927.07, marking the first time the index has traded below the 30,000...
The Fed on Wednesday raised its benchmark interest rate by 75 basis points, the sharpest rate hike since 1994, bringing the target range for the federal funds rate to 1.5 to 1.75 percent. The move could be followed by another hike of that magnitude in July, or a half-point increase, Fed...
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The Dow has dived almost 700 points in early Thursday trading, putting the blue-chip average on track for its worst day this year. IBMandCaterpillarled the 30-stock index into the red, dropping more than 9% and 7%, respectively, on the back of earnings. Both missed analyst estimates for...
US stocks plunged on Tuesday after fourth-quarter earnings and forecasts from mega-retailers like Walmart and Home Depot raised concerns about the strength of the US consumer. The Dow and S&P 500 each closed with their worst day since December 15 – the Dow fell about 696 points, or 2.1%...