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    Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 12, 2015

    'Black Monday': World Markets Plummet

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    European and US markets take a nose dive on Monday morning after the collapse of China's market.

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    • 23:01

      Wild Monday on Wall St. comes to an end

      US stock markets close after wild ride. After being down 1,000 points, the DOW finished roughly down at 585. S&P is down by 77 points, and the NASDAQ closed down 179 points.

    • 22:30

      Wild ride on Wall St. continues

      With only half an hour until the US markets close, the DOW is currently down roughly 665 points. The S&P is down approximately 88 points, and the NASDAQ is off by roughly 197 points.

    • 22:05

      Markets diving yet again

      With less than an hour to close, Wall Street is seeing a major sell-off again. The DOW has fallen again, by 650 points.

    • 21:48

      US oil ends at $38.24 a barrel

      After falling to 6 ½-year lows, US oil has ended at $38.24 a barrel. That’s a drop of roughly 3.83%, and nearly 18% from the opening price at the beginning of the month.

      Brent Crude fell by 4.3% on Monday, at roughly $43.50 a barrel.

    • 21:19

      Chinese company Alibaba shares plummet

      Shares of Chinese Internet giant Alibaba Group Holding Ltd. fell 4.7% to $65. This is the first time the company’s stock has ever fallen below its initial public offering price of $68. Alibaba went public in September of 2014.

    • 20:43

      Global economy is strong enough to withstand markets collapse - Hollande

      "The world economy is strong enough to also have prospects for growth which are not simply linked to the situation in China," Hollande told reporters, on the sidelines of a meeting in Berlin with German Chancellor Angela Merkel and Ukraine President Petro Poroshenko.

       

    • 20:06

      Russian stocks close down

      The Russian stock market indexes closed fall, according to data of the Moscow Exchange. The MICEX index dropped by 1.75% (1634.14 points). The RTS index fell by 4.73% (726.35 points).

    • 19:42

      Dow Jones eases loss after dropping

      The Dow Jones industrial average eased losses after dropping more than 1,000 points. But it was still off more than 1 percent at midday.

    • 19:23

      Tech stocks dive in Monday trading

      Tech giants like Apple, Google, Facebook and Microsoft were hit by Black Monday today. Technology sector leader Apple was down 13%.

    • 19:08

      #BlackMonday: Not a good day but not a crisis yet - Patrick Young

      Monday's market collapse can hardly be called a crisis, Patrick L. Young, leading market analyst, investment consultant, and author of financial bestseller “The Gathering Storm”, told Sputnik.

    • 18:46

      European stock markets closed with huge losses

      The European stocks have closed sharply lower on Monday.

      The pan-European Stoxx 600 finished down 5,4%, London's FTSE 100 index ended down 4,4%, German DAX closed down almost 5%, while French CAC slipped over 5,5% and Spain’s IBEX lost 5,7%.

    • 18:35

      Trump blames China for markets fall

      Republican presidential frontrunner Donald Trump has blamed China for major collapse of markets around the world.

    • 18:14

      Not only oil prices fell

      Soybeans prices hit low since March 2009. China is a major buyer of American soybeans which is why investors are afraid the demand of soybeans may fall following the China's market collapse.

    • 18:11

      Ex-US Treasury secretary suggests Fed Reserve to ease monetary policy

      Former US Treasury Secretary Larry Summers has suggested that the US Federal Reserve may ease monetary policy.

       

    • 17:58

      Shanghai stocks lose almost 9%

      Shanghai stock market lost 9% suffering its biggest fall since 2007.

    • 17:48

      Despite the panic social networks users are trying to keep calm

      While hastag #BlackMonday tops Twitter trends, Twitter users are keepeing calm.

      Trader John Santiago, center, works on the floor of the New York Stock Exchange, Monday, Aug. 24, 2015

      #BlackMonday: Twitter Users Try to Keep Calm Amid Stock Markets Crash

      Global financial markets are crashing following a stock market meltdown in China and even those not following news know that something is wrong if #BlackMonday hashtag is one of top trends on Twitter.
      Read more
    • 17:44

      New York Stock Exchange may suspend trading

      New York Stock Exchange may suspend trading if the S&P sinks more than by 7 percent

    • 17:36

      US crude oil dives below $40 a barrel in opening trade

    • 17:32

      Historic Black Monday repeat?

      Hundreds of billions wiped off world’s financial markets today. European markets are facing biggest losses since 2008. Isn't it a repeat of Black Monday of 1987 when stock markets around the world crashed, shedding a huge value in a very short time? Dow Jones has faced a historic 1,000 points fall for the first time in history.

      On Friday, world markets concluded their worst week of 2015. The trend has continued this week with Asian and European markets continuing to post major losses.

      By midday, Monday, London, France, and Germany were all down more than 4 percent.

      US markets lost more than 3 percent on Friday across the Dow, S&P 500, and Nasdaq.

    • 17:15

      Brazilian stocks fell 4.5% after China's market collapse

    • 17:09

      Frankfurt share hits new low

      Frankfurt's blue-chip DAX 30 index hit an intraday low of 9,593.40 points in early afternoon trading.

    • 17:00

      Worst day for the UK shares since 2011

      Britain's top share index FTSE fell to its lowest level since 2011.

    • 16:59

      European markets in panic

      European stocks were more than 5 percent in the red and Wall Street was braced for similar losses as a near 9 percent dive in China shares and a sharp drop in the dollar.

      "There is a snowball effect happening, with margin calls putting pressure on positions and creating forced sellers," said Mark Ward, head of execution trading at Sanlam Securities.

    • 16:52

      Paris market plunges over 7%

      The Paris stock market plunged by over seven percent in mid-afternoon trades with several other European bourses following in its wake.

    • 16:51

      US markets plunged at the open Monday

      US markets plunged at the open Monday following a big drop in Chinese stocks. The S&P 500 and Nasdaq composite indexes were poised to slip into correction territory, or 10 percent off their 52-week highs.

      The Dow Jones Industrial average dropped 1,000 points at the opening of trading in New York on Monday.

      The poor opening on Wall Street followed an 8.4 percent loss on China’s Shanghai Composite Index at the close of trading on Monday. This fall represents the biggest single-day percentage loss since 2007.

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    stock market, stock exchange, Black Monday, China, United States, Europe
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