Stocks Down | featured news

The tone for Wall Street’s retreat was set before the opening bell with markets in Asia and Europe also falling.

Dow plummets nearly 220 points after trade deficit unexpectedly widens and reports from Asia, Europe spurs concerns recovery is veering off track.

Personal incomes and spending come in flat for June, worse than the slight gains anticipated.

The Dow industrials fell below 10,000 again after an index of China’s economy was revised downward.

Stocks tumbled Friday after the Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis.

Fitch cut Spain’s credit rating, saying that the country’s debt will probably weigh on the country’s growth.

The Dow Jones industrials plunged below 10,000 Tuesday after traders dumped stocks on worries about the global economy and tensions between North and South Korea.

The stock market tumbled again Thursday after another drop in the euro and disappointing U.S. employment news darkened investors already bleak view of the world economy. Interest rates fell sharply in the Treasury market as investors once again sought the safety of U.S. government debt.

The European economy was once again the focus of Wall Street Wednesday morning after Germany enacted a ban on a certain form of short-selling. Europe's monetary woes have dragged on U.S. equity markets for months as investors weigh the potential long-term impact of a sluggish economy in the region and the possibility that this slowness could upend the global financial recovery. Stateside economic data on consumer prices, meanwhile, continues to point to a slow--but steady--recovery. Stronger than expected earnings reports from Hewlett-Packard, Deere and Target did little to lift stocks in early trading.

Stocks tumbled for a second day Friday after concerns grew that the deep spending cuts under Europe's bailout plan would slow a global recovery.