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Stocks closed lower after swinging wildly all day as a coordinated global rate cut failed to reassure investors.
While well off their lows and now even in positive territory, the Dow, S&P and NASDAQ had been down for the sixth straight day. Here are the stats for 6, 7, and 8 day losing streaks in case the streaks continue.
U.S. stock index futures turned positive after coordinated action to cut rates across the globe to fight the danger of the world economy being hit by a depression.
No buyers showed up on Wall Street this week. It sounds like a simplistic excuse, but traders say they don't see real buyers, and that's why the stock market spirals lower and lower.
Governments and central banks around the world are reacting to the expanding financial crisis as their countries' markets melt down. See how the global indices stack up against one another.
The stock market is no longer like a falling knife. It's become a whole drawer full of flying cutlery.
The Dow pared its massive loss in the final hour of trading Monday after fear that the credit crisis is spreading rippled through world markets. The blue-chip index ended down about 370 points, after being down as much as 800 at one point.
The Dow dropped below 9,600 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
The Dow dropped below 9,900 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
With the VIX at record levels and the Dow now down another 5%, investors are running for cover. However, there are now enough data points to begin to look at patterns on what has been happening after these big drops.
Starting the week off on a sour note is nothing new for the markets. Falling over 500 points today, the Dow continues a trend it started three months ago. Since July, the Dow has posted gains on only 2 of the last 13 Mondays.
The Dow dropped below 10000 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
Wall Street was set to plunge at the open Monday as a $700 billion plan approved by Congress on Friday failed to restore confidence in the global banking system.
The stumbling economy and the specter of a rough earnings season will pressure stocks in the week ahead.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.
The $700B US Bailout was signed into law on Friday, and the major markets still closed down for the day after a brief rally. The week was devastating to the US stock market with a 7.34% weekly loss for the Dow, an over 9% drop for the S&P and an almost 11% drop for the NASDAQ.
With US economic growth in question and the Dow, Nasdaq and S&P 500 suffering from a serious case of volatility, investors are looking overseas for opportunities in the hope of escaping the worst of the credit crunch. Here's where experts from across the world think they buying opportunities are:
The House's vote Friday on the $700 billion financial bail out package hangs over a market increasingly worried the credit crunch is stalling the economy.
These are turbulent times for investors. How do you keep the wealth you have intact? That's the question we've posed to analysts on CNBC Asia and this is what they have to say.
The Vice Presidential debate tonight will likely be one of the most watched ever, often eclipsing the buzz of the presidential debates, Intrade has created a contract measuring which presidential candidate will receive more of a bump from tonight's debate (www.intrade.com).