U.S. stock markets plunged by 4 percent to close at the lowest levels in nearly 12 years, igniting fresh concern over the depth of the financial crisis and where the bear market would find a bottom.

Sections:  news   business   
Topics:  aig   bailouts   bank bailout   banks   financial crisis   stocks   
RELATED ARTICLES
  • LinkedIn Shares Slide After Disappointing Outlook
    LinkedIn's surging share price cooled Friday as the social network projected slower revenue growth next quarter following a decision to lower the number of display ads that the website shows. More
  • Stocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Google searches predict market moves
    As the search volume on generic terms such as "debt", "portfolio" and "stocks" fell, the Dow Jones average tended to go up - and vice versa. An investment strategy based on these search volume data between 2004 and 2011 would have made a profit of 326%. More
  • Pope hints at possible changes to scandal-ridden Vatican bank
    Pope Francis has indicated for the first time that he may make changes to the Vatican's scandal-ridden bank as part of a broad review of the Holy See's troubled administration. More
  • How a phony tweet and computer trades sank stocks
    For a few surreal minutes, a mere 12 words on Twitter caused the world's mightiest stock market to tremble. No sooner did hackers send a false Associated Press tweet reporting explosions at the White House on Tuesday than investors started dumping stocks - eventually unloading $134 billion worth. More
BING NEWS:
  • Wall Street Cheers: A Bull Rally Extends as 2024 Closes
    Wall Street’s primary indexes rose during the final trading session of 2024. This surge was driven by signs of economic resilience post-pandemic, expectations of reduced borrowing costs, and an ...
    12/31/2024 - 1:36 am | View Link
  • Dow closes down 400 points as Wall Street limps into year-end
    Stock futures were flat in overnight trading Sunday evening ahead of the last few trading sessions of 2024. Futures tied to the Dow Jones Industrial Average were flat, while S&P 500 futures edged up 0 ...
    12/29/2024 - 2:10 am | View Link
  • Stock Market Today: Dow Jones Closes 0.8% Lower As Nasdaq, Small Caps Tumble About 1.5% (Live Coverage)
    Dow Jones stocks fell further below their 50-day moving average on the stock market today. Nvidia also fell. Warren Buffett bought VeriSign stock.
    12/27/2024 - 8:04 am | View Link
  • Wall Street closes up in short Christmas Eve session
    Wall Street's main indexes all ended higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. Both the Dow Jones Industrial Average and ...
    12/24/2024 - 5:04 am | View Link
  • Dow closes nearly 500 points higher on cooler inflation data, but index posts third straight losing week: Live updates
    U.S. stock futures fell on Friday morning as traders anticipated the latest reading of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average lost 88 points, ...
    12/20/2024 - 1:02 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News