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Stocks plunge to 8-month lows on growth fears; J&J nosedives
NEW YORK (AP) — Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain's impending departure from the European Union also darkened traders' moods. Major U.S. indexes fell about 2...
Markets Right Now: S&P 500 sinks to lowest level since April
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended the week with a steep loss on Wall Street as the S&P 500 dropped to its lowest level since April. The benchmark index is now down almost 3 percent for the year. New concerns about slowing growth in...
World markets fall on Chinese growth concerns
SINGAPORE (AP) — World stock markets slipped Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy. European indexes were also weighed down by British Prime Minister Theresa May's failure to get assurances for a Brexit...
Asian shares fall on poor Chinese economic data
SINGAPORE (AP) — Asian markets tumbled on Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy. KEEPING SCORE: Japan's Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to...
Markets Right Now: US stocks drift to a mostly lower close
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks drifted to a mostly lower close on Wall Street as trading calmed down following a turbulent few days earlier this week. Small-company stocks fell broadly Thursday, but the Dow Jones Industrial Average of...
Delta's 2019 forecast helps send airline stocks lower
Delta Air Lines said Thursday that its profit will rise next year but not as much as Wall Street expected, and that helped push airline stocks lower. Forecasts of slower global economic growth are weighing on airlines because a slowdown would likely hurt demand for travel, which has been strong throughout 2018....
Markets steady after solid run as focus turns to ECB
LONDON (AP) — Shares around in the world traded in narrow ranges Thursday after a solid couple of days largely related with hopes that the U.S. and China are ironing out their trade issues. The focus now turns to the European Central Bank press briefing with President Mario Draghi in the wake of the bank's...
Wall Street ends higher with help from tech and health care
NEW YORK (AP) — U.S. stocks couldn't hang on to a big gain Wednesday, but they still finished broadly higher as technology and health care companies rose. That helped reverse some of the market's big losses from the week before. Stocks initially rallied after the Wall Street Journal reported that China's...
Markets Right Now: Stocks end higher on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended higher as traders keep up hope that the U.S. and China will make progress on resolving their trade dispute. Technology and health care companies helped pull the market higher. Facebook rose 1.7 percent...
Verizon loses bet on digital ads, takes $4.6B accounting hit
Verizon's big bet on digital advertising isn't panning out. The wireless company spent more than $4 billion to buy AOL and nearly $5 billion to buy Yahoo as part of an effort to compete with Facebook and Google in a growing market for digital advertising. Now, Verizon is slicing the value of those two businesses...
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