Hot on Facebook

Man Tries to Order Priciest Starbucks Drink Ever Total cost: $23.60 »

Stocks Drop in Europe, Asia Amid Recession Fears

By Mary Papenfuss, Newser Staff

Posted Sep 23, 2008 4:44 AM CDT

(Newser) – Stocks were down in Europe and Asia today amid fears of a global recession despite the massive government bailout being arranged in the US. Europe's Dow Jones Stoxx 600 Index dipped for a second day, falling 1.8% in early trading, Bloomberg reports. Barclays fell 3.6% and Australia's Macquarie Group Ltd.dipped 4.5%. The MSCI Asia Pacific Index dropped .6%, ending a two-day rally. "The problems aren't resolved," warned one analyst.

Traders on the floor of the New York Stock Exchange yesterday. (AP Photo/Richard Drew)

A trader scurries to a post at the New York Stock Exchange yesterday. (AP Photo/Richard Drew)

Visitors watch traders working on the floor of the Brazilian Mercantile and Futures Exchange in Sao Paulo yesterday. (AP Photo/Andre Penner)

Traders watch the numbers at the New York Stock Exchange yesterday. (AP Photo/Richard Drew)

« Prev« Prev | Next »Next » Slideshow

To report an error on this story, notify our editors.

More Newser Stories

Dow Up 96 Despite CIT Woes

Rally extends into 4th day on Roubini comments, tech optimism

(NEWSER) - Stocks gained today as the tech sector continued to inspire and economist Nouriel Roubini predicted a recovery in late 2009, the Wall Street Journal reports. Though the looming bankruptcy of CIT Group depressed stocks most of the day, financials were able to trim losses before the close. The Dow rose 95.61, closing at 8,711.82. The Nasdaq gained 22.13, settling at 1,885.03, and the S&P 500 added 8.06, to 940.74 More»

Soaring Jobless Claims Leave Stocks Flat

Jobless claims reach 7-year high

(NEWSER) - Jobless claims rose to a 7-year high last week, but that didn’t appear to move the needle for stocks, which barely budged at today's open. The Dow crept up 66 points, while the S&P and Nasdaq rose 0.9% and 0.4% respectively. A staggering 32,000 filed new jobless claims last week, to a seasonally adjusted 516,000, a much bleaker number than analysts anticipated. More»

Sour Earnings Sink Stocks

Recession fears keep bears growling

(NEWSER) - Recession fears kept bears roaring today, as the Dow shed 230 points at the open on a spate of lousy third-quarter results. Wachovia posted a staggering $23.9 billion loss to lead a group of five gloomy blue chip reports, the Wall Street Journal reports. “We’ve seen a range of poor results lately,” said one market watcher, “and there is no reason why this is not set to continue.” More»

Dow Down 700, Hits 4-Year Low

'This is just about fear right now'

(NEWSER) - Stocks continued downward today, with the Dow falling a record 782 points, the Wall Street Journal reports, and settling mid-afternoon around 9,571, below 10,000 for the first time since October 2004. “This is just about fear right now, and whether stocks are going to close down 200 or 900 points,” said one trader. All 30 of the index's stocks were in the red. More»

Lehman Crash Triggers Global Market Tumble

US futures and dollar sink: 'It's mayhem'

(NEWSER) - Lehman Brothers’ bankruptcy, along with news that mammoth insurer AIG is seeking a $40 billion Federal Reserve loan, has sent European and Asian markets, US futures and the dollar sharply downward, Bloomberg reports. Swiss-based UBS AG, Europe’s bank most hurt by the subprime crisis, plunged 7.2%. Australia’s biggest investment bank, Macquarie, fell 10%, and S&P futures expiring in December fell 2.9%. More»

NEWS FROM OUR PARTNERS

More from Business Insider »

More from HuffPost Entertainment »

Why Newt Gingrich is 'the most disliked politician in...

Good day, bad day: February 16, 2012

Hacked: How China is stealing America's business secrets

More from The Week »

Tim Geithner’s ‘Silly Little Smirk’ Not Appreciated

Obama Still Hasn’t Replaced Reggie Love

New Jersey Gay Marriage Bill Ready for Chris Christie Veto

More from Daily Intel »

Grading Every Team's Top Pitching Acquisition

CFB Matchups We'd Love to See

Latest First-Round NFL Mock Draft

More from Bleacher Report »

PDA Alert! Jennifer Lawrence Kisses Beau Nicholas Hoult in...

Whitney Houston Wake: Private Viewing Planned Tomorrow

Liam Hemsworth: Miley Cyrus Is a 'Hunger Games' Fan (PHOTOS)

More from Celebuzz »

Baby Born on Valentine's Day With Heart-Shape Birthmark and...

Niagara Falls Tightrope Walk Won't Be That Scary

Kate Middleton's Valentine's Day Gift for William May Have...

More from The Stir »

Actress Apologizes for Faking Broken English in Political Ad

Ad Agency Changes Its Name in Tribute to Jeremy Lin

Ad of the Day: Callaway

More from Adweek »

About Us

What is Newser?

What Newser Does

Who's Behind Newser?

6 Myths About Newser

What People Are Saying

Contact Us

Advertise on Newser

Site

Help

How Do I Use Newser?

Why Should I Register?

Terms of Use

Privacy Policy

Suggest a Story

Newser By Users

Writer Central

How to Write a Summary

How to Get Your Summary Promoted

NBU Forum

Community

Discuss on Facebook

Social Networks

Site Maps

Story Index

User Story Index

Top Sources

Tools

RSS

Mobile

More News

AP News Wire

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

© 2012 Newser, LLC. All rights reserved.

Partnering with: Slate

View Newser on the mobile website

Stocks Drop in Europe, Asia Amid Recession Fears

OTHER STORIES ON OUR RADAR

stock market • Dow Jones • recession • Asian markets • European markets • financial crisis

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Dow Up 96 Despite CIT Woes

Rally extends into 4th day on Roubini comments, tech optimism

Soaring Jobless Claims Leave Stocks Flat

Jobless claims reach 7-year high

Sour Earnings Sink Stocks

Recession fears keep bears growling

Dow Down 700, Hits 4-Year Low

'This is just about fear right now'

Lehman Crash Triggers Global Market Tumble

US futures and dollar sink: 'It's mayhem'

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?

Stocks Drop in Europe, Asia Amid Recession Fears

Bookmark & Share

OTHER STORIES ON OUR RADAR

stock market • Dow Jones • recession • Asian markets • European markets • financial crisis

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Dow Up 96 Despite CIT Woes

Rally extends into 4th day on Roubini comments, tech optimism

Soaring Jobless Claims Leave Stocks Flat

Jobless claims reach 7-year high

Sour Earnings Sink Stocks

Recession fears keep bears growling

Dow Down 700, Hits 4-Year Low

'This is just about fear right now'

Lehman Crash Triggers Global Market Tumble

US futures and dollar sink: 'It's mayhem'

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?