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Stock Markets Plunge Worldwide
LONDON (AP) — Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government’s stimulus plan to prevent a recession.
TOKYO (AP) — Global stock markets extended their shakeout into a second day Tuesday, plunging amid worries that a possible U.S. recession will cause a worldwide economic slowdown. The dramatic declines were expected to spread to Wall Street, where stock index futures were already down sharply hours before the trading day began.
“Unless we get some positive ’shock effects,’ such as drastic measures from the U.S. government, there is almost no hope for a recovery in stocks,” said Koji Takeuchi, senior economist at Mizuho Research Institute in Tokyo.
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Related: The Country is Bankrupt!
Dow drops 465 then gains most of it back (AP)
Market drops on recession fear (Reuters)
Fed cuts interest rates (AP)
US central bank slashes rates but stock market turmoil continues (AFP)
Fed slashes rates (Reuters)
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