Frigid temperatures this weekend prompt cold weather advisories

MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all. 

Turn Up Your Support

A litany of bad economic news has snuffed out
Wall Street's five-day rally, sending stocks falling sharply as
investors realized anew how troubled the U.S. economy really is.


      Confirmation that the nation is in a recession followed reports
of only a modest gain in holiday shopping sales, and that prompted
investors to begin unloading stocks. Downbeat data on manufacturing
and construction spending added to the market's gloom.

      The Dow Jones industrial average fell 679 points, wiping out
more than half the 1,276 points it added during a five-day rally
built on investors' budding optimism about the economy. The major
indexes all lost more than 7 percent, with the Standard & Poor's
500, the measure most closely watched by market professionals,
falling nearly 9 percent.

Gallery

It's official: U.S. is in recession

The down economy hits day care providers

Business and Economic News

A litany of bad economic news has snuffed out
Wall Street's five-day rally, sending stocks falling sharply as
investors realized anew how troubled the U.S. economy really is.


Stocks fall sharply on consumer spending worries

Go Deeper.

Like this?