Stock Markets

US stocks recovering from major sell-off

US stocks recovering from major sell-offNew York  - Major US stock indices were recovering Tuesday after turmoil in the financial sector on Monday led to the worst day on Wall Street since the September 2001 terrorist attacks.

The Dow Jones Industrial Average was up 40 points early Tuesday afternoon, despite opening the trading day down about 150 points. The Dow plunged more than 500 points, or 4.4 per cent, on Monday.

The broader Standard & Poor's 500 was down as much as 1.8 per cent in early trading, but was posting a 0.5-per-cent gain by the late morning, after plunging 4.7 per cent Monday.

US stocks open lower after major sell-off at start of week

US Wall StreetNew York- Major US stock indices were trading lower Tuesday morning, after turmoil in the financial sector on Monday led to the worst day on Wall Street since the September 2001 terrorist attacks.

Stocks were a little more stable Tuesday. The Dow Jones Industrial Average fell 150 points in early trading, but had recovered much of the early loss within an hour of opening. The Dow plunged more than 500 points, or 4.1 per cent, on Monday.

The broader Standard & Poor's 500 was down as much as 1.8 per cent in early trading, after plunging 4.7 per cent Monday.

Austrian stocks plummet to three-year low

Lehman Brothers' Vienna - Shares traded on the Vienna Stock Exchange fell to a three-year low Tuesday, continuing Monday's downward movement started by the news about US investor Lehman Brother's bankruptcy.

By 15:30 local time, the ATX, Vienna's main stock index, had lost 6.28 per cent of its value. The index fell below the mark of 3,000 points for the first time since June 2005.

Losses in Vienna were more pronounced than on Germany's DAX index, which was down 2.86 per cent in the afternoon, and the Euro Stoxx 50 index monitoring large European companies, which lost 3.44 per cent.

Bank of England makes second intervention to stabilize markets

London  - The Bank of England Tuesday pumped an extra 20 billion pounds (36 billion dollars) into money markets, following a similar move by the European Central Bank (ECB).

Thai shares down 2.8 per cent on Wall Street crash

Bangkok  - Thai shares lost 2.8 per cent of their value Tuesday as the Bangkok bourse felt the full impact of Wall Street's declines.

Nordic bourses dip again

Stockholm/Oslo  - Nordic bourses dipped Tuesday, the day after US investment banker Lehman Brothers filed for bankruptcy protection, triggering a global decline on stock markets.

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