Stocks Fall on Recession Fears

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• Citi's Blahs Make Little Dent

  Jun 19, 08 3:38 PM CDT
  Stocks posted moderate gains today as oil futures dropped below $135 per barrel on news of China's move to raise prices by trimming subsidies, MarketWatch reports. With traders little moved by warnings of further writedowns ahead for Citigroup, the Dow closed up 34.03, at 12,063.09. The Nasdaq gained 32.36, closing at 2,462.07, and the S&P 500 rose 5.02 to settle at 1,342.83. More »

• The Great Depression It's Not

  Mar 25, 08 11:21 AM CDT
  Certainly, the 8-month-old credit crisis is serious, but the market turmoil is unlikely to kick off the next Great Depression, financial markets editor Mike Dolan writes for Reuters. "You could be forgiven for thinking we will all soon be hoarding food and reverting to a barter economy," he snipes, but the real issue is psychological: "The problem is lack of confidence." More »

• In '08, It's Really the Economy, Stupid

  Dec 4, 07 12:45 PM CST
  With gas prices stratospheric, the housing market tanking, and recession looking likely, voters aren't too worried about Iraq, reports the Wall Street Journal. Job concerns have transformed illegal immigration and health care into major issues. “You have to have a health plan even in the Republican primary,” says John McCain’s economic adviser. “That's a new development.” More »

• Stocks Dive on Citigroup News

  Oct 15, 07 3:40 PM CDT
  Stocks fell more than they had in over a month today after Citigroup reported a 57% third-quarter loss. Of the S&P's 10 industry groups, only energy advanced, with oil closing at a record $86.13 a barrel. The Dow lost 108.28 to close at 13,984.80, the S&P 500 fell 13.09 to 1,548.71, and the Nasdaq finished at 2,780.05, down 25.63. More »