Business

Stocks crater in worst week in 4 years; oil crumbles

The Dow lost 392 points the day before. After starting the day with a 138-point bounce, the Dow is now down 66 points. In the USA, the Dow Jones industrial average sank 2.3% and the Standard & Poor's 500 lost 2.4% on Thursday. Citigroup gave up $2.56, or 5.1 percent, to $47.56. In other energy trading, wholesale gasoline declined 1.6 cents to $1.146 a gallon and heating oil lost 1.5 cents to $1.066 a gallon.

Business

Wall Street ends its worst week since 2011

To appreciate just how focused investors are on Shanghai, look at Thursday's reaction to news that China would suspend the week-old circuit-breaker system that the night before halted trading after 29 minutes. The FTSE 100 index of leading British shares declined 0.7 percent while Germany's DAX lost 1.3 percent. To exacerbate the problem, crude oil plummeted to the lowest level in more than 12 years.

Business

Despite job gains, US stocks slip a day after sharp plunge

Japan's Nikkei 225 dropped by just over 7 per cent in the period, with five consecutive days of losses. Meanwhile, the unemployment rate held at a more than seven-year low of 5.0 percent in December, matching expectations. EUROPE: Stocks in Europe were mixed. Gap rose $1.17, or 4.6 percent, to $26.46. Declining issues outnumbered advancing ones on the NYSE by 2,704 to 415, for a 6.52-to-1 ratio on the downside; on the Nasdaq , 2,492 issues fell and 390 advanced for a 6.39-to-1 ratio ...

Business

US stocks plunge on global selloff, oil slide

Investors also cheered as China stopped allowing its currency to lose value. Chinese stock markets were in full disarray Thursday, halting trading within just 30 minutes of opening as prices slumped 7% and triggered the "circuit breaker".

Business

Jobs report finishes off strong 2015

Friday's solid jobs report could make it more likely that the Federal Reserve will further raise rates after announcing its first increase in almost a decade last month. "The U.S. economy is heading into 2016 with domestic and global forces pulling in different directions", according to the written assessment of HSBC Securities.

Business

U.S. Stocks End Their Worst Week Since 2011

The main US benchmark, the Standard & Poor's 500 index, has now had its worst four-day start of a year in history. Crude oil also plummeted to the lowest level in more than 12 years. The Stoxx Europe 600 fell 1.5% on Friday after initial modest gains, ending the week off 6.7%, its largest one-week percentage decline since 2011.