THE TELEGRAPH: Wall Street’s stock markets plunged amid fears Donald Trump’s tariff trade war will hammer American growth.
The tech-heavy Nasdaq Composite sank by 2.5pc to its lowest level since September after the US president said on Sunday that the world’s largest economy faces “a period of transition.”
The benchmark S&P 500 dropped 1.5pc and the Dow Jones Industrial Average fell as much as 1.2pc - a fall of more than 500 points - as Wall Street reassessed the outlook for the US economy.
Morgan Stanley warned the S&P 500 could drop another 5pc to 5,500 points by mid-year, having already slumped more than 3pc so far in 2025 and by more than 7pc from its peak in February. » | Chris Price | Monday, March 10, 2025
The "very stable genius" is doing rather well, I see! He's demonstrating his grasp of economics to the world. – © Mark Alexander
Showing posts with label US shares. Show all posts
Showing posts with label US shares. Show all posts
Monday, March 10, 2025
Tuesday, March 15, 2011
THE DAILY TELEGRAPH: Wall Street fell 2pc on Tuesday as a global stock market sell-off intensified with investors dumping shares in a flight to safety, panicked by Japan's growing nuclear crisis.
The Dow Jones Industrial Index dropped 2.3pc - or 280 points - to 11,699.96 within minutes of opening, with shares seen as exposed to the disaster sliding. Insurer AIG fell 4pc and General Electric fell 5pc.
European bourses were dragged lower. Britain's FTSE 100 fell 2.6pc - or 154 points - to a fresh year low of 5622.53 at 1.30pm in London, wiping around £32bn off the value of the blue-chip index. Germany's DAX plunged 4.8pc and France's CAC 3.9pc.
The fall followed a 10.6pc dive - 14pc at one stage - in Japan's Nikkei after the government warned of dangerous levels of radiation following a third explosion at the earthquake-damaged Fukushima nuclear plant. The benchmark index ended down 1,015.34 points at 8,605.15, while the broader Topix plunged 9.5pc in its worst two-day fall since 1987.
This caused a ripple effect through Asia, Europe and the United States as investors reassessed the impact of last Friday's earthquake and tsunami and the growing nuclear disaster on a fragile global economy.
Brent crude dropped $4.80 to $108.93 a barrel in London and fell below $100 in New York as markets bet on a dramatic loss of demand for oil from the world's third largest economy.
"Last night’s move was the third worst decline in the Nikkei’s history and there’s fear that there could be more to come," said Simon Denham, the managing director of Capital Spreads. » | Tuesday, March 15, 2011
Tuesday, February 17, 2009
TIMES ONLINE: US shares plunged by nearly 280 points in early trading today as investors grew nervous that President Obama’s financial stimulus plan will not be enough to boost the world's largest economy and carmakers may not be able to stave off collapse.
The Dow Jones industrial index plunged by 276.94 points to 7,573.47 points within half an hour of the US stock market opening — the first day of trading since Friday after being closed on Monday for Presidents Day.
At the same time, concerns over America's deepening recession, and the effect it may have on demand for energy, sent oil prices down more than $2 to $35.37 a barrel. >>> | Tuesday, February 17, 2009
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