The 4.78 percent plunge suffered by the S&P 500 index was its worst one-day drop since February 2009 and one of the worst losses (on a percentage basis) of the past 80 years.
U.S. consumer credit borrowing in June jumped to highest numbers since August 2007, the Federal Reserve announced today.
The Dow Jones endured several severe ups and downs on Friday after the announcement of a relatively positive jobs and unemployment rate reports.
U.S. stocks got a break on news that Italy has struck a deal with the European Central Bank (ECB) for the latter to buy Italian government bonds in the open market.
U.S. stocks rebounded Friday afternoon on news that the European Central Bank is ready to provide support to Italian and Spanish bonds if those countries commit to specific reforms.
U.S. stocks slumped on Friday as the all-important July jobs data failed to cheer investors.
Traders appear to be focusing on the European debt crisis, which is reaching emergency levels.
The company?s shares fell by as much as 14 percent in London trading at one point
Solid July job gains calmed U.S. markets on Friday, but Wall Street remained nervous among talk that the nation may be falling into a double-dip recession.
The top pre-market NASDAQ Stock Market gainers are: MannKind, priceline.com, ASM International, Web.com Group, and Qiagen. The top pre-market NASDAQ Stock Market losers are: Imperial Sugar, MIPS Technologies, Hansen Medical, First Solar, and Tesla Motors.
The companies whose shares are moving in pre-market trade on Friday are: CF Industries Holdings, PG&E, Freeport-McMoRan Copper, Merck & Co, TECO Energy, First Solar, eBay, Nvidia, Halliburton and Regions Financial Corp.
FBR Capital Markets have upgraded shares of Symantec (NASDAQ:SYMC) to "outperform" from "market perform," saying that the company's focused enterprise product strategy and hand holding in the channel/sales reps are paying dividends in the field.
Markets remained jittery Friday even as Dow futures rose ahead of a jobs report that was slightly better than expected.
Overseas stocks are plunging following the devastating sell-off in the U.S. Thursday, ahead of a crucial July jobs report out of Washington.
U.S. stock index futures point to a lower opening on Friday as investors are cautious ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.
The decision by Fidelity National Information Services Inc (FIS) and Misys plc (London: MSY) to abandon takeover discussions has sent the Misys share price into a tailspin, inevitably accompanied by a degree of unwind of risk-arbitrage positions, Jefferies said in a note to clients.
The U.S. stock market had a mini-meltdown on Thursday ahead of Friday's all-important Bureau of Labor Statistics (BLS) jobs report as fears about the global economy slipping into another recession weighed on the sentiment.
British software firm Misys plc (London: MSY) said takeover discussions with Fidelity National Information Services Inc (FIS) have been terminated. Misys decided to reject FIS offer and withdraw from further discussions with FIS, as the offer materially undervalued the company.
The top after-market NASDAQ Stock Market gainers are: AMERCO, Shutterfly, priceline.com, Carrizo Oil & Gas, and Spreadtrum Communications. The top after-market NASDAQ Stock Market losers are: MIPS Technologies, Cogo Group, Rubicon Technology, Penson Worldwide, and TTM Technologies.
They are a rag-tag bunch, often working from home or tiny offices scattered round the world, from rural Texas to Beverly Hills and a suburb near Australia's Bondi Beach.
The U.S. and European markets got killed on Thursday.
Fears of a new recession caused the stock market to take a deep plunge on Thursday making it the worst day since the financial crisis in 2008. The Dow Jones industrial average declined 512.76 points, or 4.13 percent, closing at 11, 383.68.
South Africa's National Union of Mineworkers said on Thursday Impala Platinum had improved its wage offer in a bid to avert a strike which could impact production at the world's second-largest producer of the precious metal.
Ivory Coast's levels of public investment will be "insignificant" over the next couple of years as the conflict-torn nation uses available funds to tackle its mounting debts, Finance Minister Charles Koffi Diby said on Thursday.
Investor confidence in South African assets eased in the second quarter of this year, pointing to overall uncertainty among fund managers, compilers ETM and Maxim said on Thursday.
South African government bonds extended a recent rally on Thursday, gaining sharply on the back of worries about the global economy that saw investors running to safer assets.
The U.S. stock market and other risk assets got hammered on Thursday as investors took money off table ahead of Friday's U.S. jobs report and a worsening debt crisis in Europe.
The U.S. stock market had a mini-meltdown on Thursday ahead of Friday's all-important Bureau of Labor Statistics (BLS) jobs report and in the face of a worsening debt crisis in Europe.
?The damage this week is more than last week ? translation, more damage from economic fears than debt fears.?
U.S. stocks plummeted Thursday, following a similarly huge sell-off in Europe, on growing fears that the global economy is sinking into a recession, ahead of worries about tomorrow?s July jobs report.
