Home prices continued to deteriorate in April in many metropolitan regions, but their rate of decline has moderated, indicating that the nation's devastated housing market may begin to stabilize in the not-too-distant future. Meanwhile, after strong gains in April and May, consumer confidence unexpectedly dipped in June, the victim of a weak labor market. The markets shed about 1 percent of ...
US stocks plummeted this morning as a worse-than-expected slide in June non-farm payrolls fanned caution about economic recovery prospects.
Shares in Myriad Genetics tumble nearly 20% after the company warns of a shortfall in fourth-quarter revenue, while Sealy shares trade in volatile fashion after results from the mattress maker surpass Wall Street's projections.
Major stock indexes sold off Thursday with the Dow Jones industrial average hitting its lowest level in six weeks after the government said the unemployment rate hit a 26-year high and employers cut more jobs than expected in June.
NEW YORK: Wall Street fell hard Thursday after a government report highlighted a weak labour market that could hinder prospects for recovery from the brutal recession.
Constellation Brands Inc.'s (STZ) fiscal first-quarter earnings plunged 85% on restructuring costs while wine sales posted another drop. Even though the company - the biggest global wine maker by volume - has been considered recession resistant, it hasn't necessarily been recession proof.
NEW YORK - WALL Street fell hard on Thursday after a government report highlighted a weak labour market that could hinder prospects for recovery from the brutal recession. The Dow Jones Industrial Average plunged 217.35 points (2.56 per cent) to 8,286.71 at the close after trading was extended by 15 minutes to cope with what the New York Stock Exchange called 'system irregularities.'