Investors worry about the economy, the fiscal cliff and Europe. Disney and Nordstrom earnings disappoint. Apple continues its slide since September. McDonald's monthly sales fall for the first time in 9 years. Gold and crude oil move higher.
The slump is the worst since June and comes on the 25th anniversary of the 1987 crash. McDonald's and GE say the global economy is struggling. Microsoft, Google and Chipotle slide. Apple drops under $610. Oil and gold drop.
The Dow and S&P 500 finish higher for the fourth day in a row; the Nasdaq dips. Macy's results impress. But Ralph Lauren and Priceline shares slump on worries about the global economy. Oil pulls back from $94; gold moves higher.
The Dow falls nearly 240 points before a rebound trims the loss to 101 points. Worries build that Spain will need a major bailout. Greece is staring at running out of cash. McDonald's and Texas Instruments say global worries are hurting business.
Apple says iPhone sales jumped 128% in its fiscal first quarter; iPad sales r0se 111%. Tech shares mostly bask in the report. The Dow drops 33 before the report as Europe worries investors again. Gold and oil fall.
The Dow falls 12 points as worries about Greece plus profit-taking limit gains. Still, the major averages are off to their best start since 1997. Investors jeer Research In Motion's management change. Oil and gold move higher.
US unemployment falls to 8.5% in December, suggesting a strengthening economy. But the Dow drops 56, and the S&P falls 3. Tech gains boost the Nasdaq. Gold and oil drop. A report says Apple may put mini-stores in Target.
Banks, led by Bank of America, and airlines help the market end a 2-day slide. A big fall in oil is trimmed after analysts boost price estimates. Gasoline hits $3.52 a gallon. McDonald's February sales disappoint. Will Sprint buy T-Mobile?
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What does the country have to do with the price-to-earnings ratio of the S&P industrials? From here on in, everything.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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