Reuters - U.S. stocks fell and the S&P 500 marked its worst-ever start to a year on Friday, after the government said it will take a large stake in Citigroup's common shares, fanning fears it will increase its role in other major banks.
Reuters - Wall Street is unlikely to get a reprieve next week as relentless worries about U.S. banks and the economy could embolden bears to drive the market below the 12-year lows hit on Friday.
Investor's Business Daily - In a notable reversal, investors stuffed $9.05 billion into stock funds in January, despite the market falling. The S&P 500 lost 8.57%. -- read full article
AP - European and U.S. markets plunged Friday after economic data showed the U.S. economy shrank in the fourth quarter at the fastest pace in over a quarter century.
AFP - Shares in London fell markedly Friday in a session marked by fresh selling in the banking sector and notable weakness amongst pharmaceutical shares.
Reuters - U.S. stocks dipped on Friday as a move by the U.S. government to take a large common equity stake in embattled Citigroup sowed more uncertainty over the fate of banks and grim economic data weighed on trading.
AP - Investors steadied themselves Friday after initially dumping stocks when Citigroup Inc. announced details of its plan to turn over more of the company to the government.
Reuters - Stocks fell in volatile trading on Thursday as investors sold off shares of healthcare companies such as Merck & Co on worries that U.S. President Barack Obama's budget proposal will strangle profits.
AP - Stock exchange operator Nasdaq OMX Group Inc. said Thursday its fourth-quarter profit plunged 53 percent primarily because of asset impairment charges and losses on foreign-currency contracts. -- read full article
AP - Asian stock markets were narrowly mixed Friday, with Japan's benchmark up 1.5 percent, as persistent worries about the deteriorating world economy and financial system sidelined many investors.
Reuters - Fresh steps by the British government to shore up the ailing banking sector helped European stocks shrug off a negative lead from Asia on Thursday and took the shine off dollar gains versus major currencies.