Market falls as Bush rescue plan disappoints
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NEW YORK  -Stocks fell on Friday on concerns that a White House effort to boost the economy would not be enough to forestall a recession, putting the S&P on track for its worst week in 5-1/2 years.
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US Treasury debt prices swung lower once more on Wednesday as investors bet President George W. Bush was likely to win reelection despite a still contested vote in Ohio.
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Global markets were down Thursday despite a plan by five central banks to inject capital into the banking system to ease credit fears.
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Stock markets in Asia and Europe plunged amid investor pessimism over the U.S. stimulus plan to aid the economy.
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A plan by US banks to calm down rattled credit markets is dropped shortly before it was due to launch.
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World stocks hit a five-month low on Friday, prompting safe-haven flows into government bonds as a U.S. financial rescue plan failed to erase fears that the world's largest economy might already be in recession.
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Sobering expectations â foreshadowed on Sunday when management announced lower prices â weighed on the companyâs already drooping stock.
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It was a dismal week for the stock market, despite an interest rate cut by the Federal Reserve.
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Asian and European stock markets plunged Monday following declines on Wall Street last week amid investor pessimism over the US government's stimulus plan to prevent a recession
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US stock markets tumbled heavily in the week to Friday, giving Wall Street a fresh battering, despite Congress granting a green light to a giant economic stimulus package sought by the White House.
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Stocks fell on Thursday as doubts grew that a plan by global central banks to thaw credit markets could work, sending financial shares lower.
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As Republicans gather in New York, the lackluster job market must dishearten President Bush. He had hoped that a strong economic recovery would favor his re-election, and in some ways, he&#39;s gotten his wish.
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Stocks fell on Thursday as doubts grew about a plan by global central banks to unfreeze credit markets, sending financial shares lower.
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Asian markets staged a late day comeback from heavy losses on Friday, taking heart from a financial package mooted by President George W. Bush aimed at cushioning the economy from a downturn.
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Conditions are less than ideal, let us say, for President George W. Bush's last state of the union speech, to be delivered today. This is an administration that had precious little to boast about even before the economy began to nose-dive - a calamity that may not yet be plain in the figures but was certified by the Federal Reserve's dramatic interest rate cut last week. One wonders, how much worse can things get for this White House?
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Disappointing job creation figures issued Friday were a sharp blow to President Bush, making it much more difficult for him to argue on the campaign trail that the economy has turned the corner, analysts and pollsters said.
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High oil prices, a stagnant labor market -- and the lack of a more forceful response from the Bush campaign -- have sparked worry among White House allies that the administration's economic team has been too content cheerleading instead of setting more detailed plans for a second term.