US shares plunge 8% as recession fears take hold

US shares took their biggest tumble in 21 years, eclipsing even the giant sell-offs of the past few weeks, as fears grew that a recession is coming on more quickly and strongly than forecast. A new set of grim retail sales figures contributed to the spreading gloom, and hedge funds and retail investors pulled money from the market as the selling accelerated in the final hours of trading last night. Traders looking for signs that the credit markets may be unfreezing saw only mixed signals.

Ben Bernanke, chairman of the Federal Reserve,.... Thu Oct 2008 10:10 (1 month ago)
World News Network 5354 articles in collection
Read Full Article Share with Friend

Related articles

1 month
after
Selected Article US shares plunge 8% as recession fears take hold - World News Network
1 month
before
2 months
before
3 months
before
4 months
before
5 months
before
6 months
before
7 months
before
8 months
before
11 months
before
1 year
before