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Wall Street tumbles on global economic slowdown fears

NEW YORK, March 23 — Wall Street stocks sold off sharply yesterday, with all three major US stock indexes posting their biggest one-day percentage declines since January 3, as weak factory data from the United States and Europe led to an inversion…


US Treasuries signal trouble, stocks fall on global growth worries

NEW YORK, March 23 — Stocks around the world fell and US Treasuries yields sent warning signals for a possible recession today after weaker-than-expected US and European data intensified fears of a global economic slowdown. After weak US…


US stocks head south on economic fears

NEW YORK, March 22 — US stocks fell into the red early today, putting Wall Street on track to finish the week on a weak note as investors absorbed sombre news about the global economy. The negative open threatened to wipe out the week’s gains on…


Wall Street rises as Apple, tech shares climb

NEW YORK, March 22 — An Apple-led tech rally pushed Wall Street higher yesterday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data. All three major US stock indexes ended the session in the…


Wall St edges higher as tech boost counters losses in bank stocks

NEW YORK, March 21 — US stocks eked out gains today as declines in financial stocks after the Federal Reserve’s move to not raise interest rates this year were countered by gains in technology companies. Having downgraded their US growth,…


US stocks tread water after Fed trims growth outlook

NEW YORK, March 21 — Wall Street was little changed early today, a day after the Federal Reserve cut its growth outlook and announced an unexpected pivot on monetary policy. Investors were also absorbing the latest Brexit developments as the odds…


Fed sees no rate hikes in 2019, sets end to asset runoff

WASHINGTON, March 21 — The US Federal Reserve yesterday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would…


Banks stifle Wall Street rally following dovish Fed statement

NEW YORK, March 21 — The S&P 500 and the Dow ended lower yesterday as interest rate-sensitive financial stocks dragged down the indexes after the US Federal Reserve affirmed a dovish monetary policy stance. While all three major US stock…


Brexit delay request sends pound reeling

LONDON, March 20 — The pound fell sharply today after British Prime Minister Theresa May announced it was seeking a delay to its exit from the European Union until June 30, while investors awaited the US Federal Reserve’s interest rate call….


Wall Street higher as Fed expected to hold fire

NEW YORK, March 19 — US stocks rose today with technology and financial shares leading gains, as investors expected a more accommodative policy stance at the end of the Federal Reserve’s two-day meeting this week. A flurry of downbeat economic…