The Dow Jones industrial average closed 334 points lower on Thursday than the day before, in what amounted to the worst drop of the year.
The red flags were everywhere, among them weak corporate results, the looming end of stimulus from the Federal Reserve and tensions between the West and Russia.
The Standard & Poor’s 500 index closed at a record high on Thursday, and has turned positive for the year 2014 so far.
For stock investors, February is starting out just as rough as January.
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
The stock market closed at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy.
There was no let-up in the flight from stocks and bonds Thursday as the Dow Jones industrial average plunged 353 points Thursday and wiped out almost two months of gains.
The hackers sent out a bogus tweet about a non-existent attack on the White House.
Some jubilation supporters of President Barack Obama may have felt after his re-election Tuesday was doubtless tempered by an apparent free fall on Wall Street.
U.S. stocks are mixed Friday after a week of brutal selling pushed them to new yearly lows.
More fears of an imminent global recession sent investors into a selloff frenzy Thursday.
Stocks plunged Friday and ended an otherwise positive trading week on a sour note after a dismal jobs report renewed fears of another recession.
The Dow Jones industrial average at one point was down more than 500 points. It’s now down 436 at 10,973.
Wall Street was not for the faint of heart Friday. The breathtaking peaks and valleys of the day came to an end with the Dow closing up 61 points.
Fears about the global economy led to the biggest panic in financial markets since the 2008 financial crisis.