A currency trader covers his face with his hands in front of screens showing markets worldwide falling Monday as international investors became increasingly convinced of a new U.S. recession. Asian stock markets took a beating after U.S. companies stopped hiring in August, reviving fears that the world's largest economy is heading back into recession. (AP Photo)
Wall Street braced for losses on Tuesday after world stock markets took a beating over fears that the U.S. economy was heading back into recession. Any troubles in the world's largest economy cast a long shadow over the markets, and a report Friday that the U.S. economy failed to add any new jobs in August caused European and Asian stock markets to sink sharply Monday. The full impact of the jobs report will hit U.S. markets on Tuesday
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Wall Street braced for losses on Tuesday after world stock markets took a beating over fears that the U.S. economy was heading back into recession. Any troubles in the world's largest economy cast a long shadow over the markets, and a report Friday that the U.S. economy failed to add any new jobs in August caused European and Asian stock markets to sink sharply Monday. The full impact of the jobs report will hit U.S. markets on Tuesday
Read more
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