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
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label US shares. Show all posts
Showing posts with label US shares. Show all posts
March 10, 2025
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
Labels:
global sell-off,
Japan,
US shares,
Wall Street
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
The Dawning of a New Dark Age (Paperback & Hardback) – Free delivery >>>
December 08, 2008
TIMESONLINE: Shares on Wall Street surged by more than 200 points today on hopes that Barack Obama, America's President-elect, will go ahead with a huge stimulus package that could ultimately exceed $1 trillion.
The Dow Jones industrial average rose 241.65 points to 8,877.07 at midday in New York, following strong gains in London where investors sent stocks soaring to close up 249.88 points or 6.17 per cent to 4,299.2. Germany's DAX ended up 8.5 per cent and France's CAC by 8 per cent.
Earlier, Hong Kong’s Hang Seng index jumped 1,198.78 points, or 8.7 per cent, to 15,044.87 - its highest close in seven weeks - while Japan’s Nikkei 225 average jumped 411.54 points, or 5.2 per cent, to 8,329.05.
At the weekend, Mr Obama gave warning that “things are going to get worse before they get better”.
However, he also announced the biggest public works construction programme since Dwight Eisenhower created the interstate highway system half a century ago.
In his weekly radio address on Saturday, Mr Obama pledged a five-tier rescue plan to create jobs by combining traditional road-building projects with massive investment in new technology and green infrastructure. >>> Catherine Boyle and Tim Reid | December 8, 2008
The Dawning of a New Dark Age (Paperback & Hardback) – Free delivery >>>
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