56.7 F
Fort Worth
Tuesday, September 29, 2020
- Advertisements -
Banking US stocks plunge after bleak Chinese manufacturing report

US stocks plunge after bleak Chinese manufacturing report

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

NEW YORK (AP) – Markets are turning turbulent again after investors were unnerved by more signs of weakness in China, the world’s second-largest economy.

U.S. stocks sank 3 percent Tuesday, their third-worst drop this year. The two worse declines occurred in the last two weeks.

The Dow Jones industrial average dropped 469 points, or 2.8 percent, to 16,058.

The Standard & Poor’s 500 index fell 58 points, or 3 percent, to 1,913. The Nasdaq slid 140 points, or 2.9 percent, to 4,636.

Oil prices also fell sharply as traders worried that China’s weakening growth would mean lower demand for crude. U.S. oil sank almost 8 percent.

The plunge in oil sent energy stocks sharply lower. Exxon Mobil dropped 4 percent.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.16 percent.

- Advertisements -
- Advertisements -

Latest News

$1.2B bank acquisition impacts North Texas market

First Mid Bancshares Inc. (NASDAQ: FMBH) and LINCO Bancshares Inc. announced Sept. 28 that First Mid will acquire LINCO, the holding company...

NBC Oklahoma names new vice chairman with Fort Worth roots

NBC Oklahoma has named a new vice chairman, Gabe Gilliam. Gilliam has served on the Holding Company Board for NBC Oklahoma for...

Insider Q&A: Accenture directs capital to Black start-ups

By ALEXANDRA OLSON AP Business WriterNEW YORK (AP) —Kathryn Ross was one of just two Black women in Accenture's Miami office when...

Initial public offerings to debut next week include sporty Texas offering

NEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF...

Encore Bank announces DFW expansion; names Fort Worth president

Encore Bank Vice Chairman and President Phillip Jett announced Sept. 23 the expansion of Encore Bank into Dallas and Fort Worth and the hiring of...