Stocks | featured news

Falling 89 points isn't a dramatic one-day drop, but last time index closed lower was March '03.

Asian stock markets fell sharply Tuesday, with benchmarks in Hong Kong and South Korea down about 4 percent, as renewed financial fears sent banks across the region tumbling.

Stocks fall sharply as investors surveyed the details of a three-pronged financial rescue plan.

It was the market’s second day of advances in the face of news showing the economy falling deeper into recession.

Investors this week will face a large batch of company report cards, in what is shaping up to be the worst quarter for corporate profits in a decade, CNNMoney reports. Investors will also digest reports on housing, consumer confidence and leading economic indicators.

Losses overseas and another round of weak earnings reports pushed U.S. stocks lower. Capital One and Harley Davidson sank.

After briefly falling into the red, Wall Street returned to positive territory on Wednesday afternoon as the markets look to bounce back from the steepest Inauguration Day losses on record.

Renewed worries about the health of the financial sector sent the broader stock market lower on Tuesday.

HONG KONG — Asian stocks rebounded today from the previous day's rout, with Tokyo's index gaining nearly 3 percent, as the U.S. bailed out Bank of America again and a weaker yen lifted exporters like Toyota Motor Corp.

Apple shares fall by more than 4% after chief Steve Jobs says he is taking medical leave until the end of June.