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Trump declines to rule out 2025 US recession
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Tim Merlier sprints to victory in Paris-Nice first stage
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Getafe stun Atletico with Arambarri double
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French research groups urged to welcome scientists fleeing US
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US envoy says Gaza hostage deal possible 'within weeks'
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Journalist quits broadcaster after comparing French actions in Algeria to Nazi massacre
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'New challenge' for Dupont after announcing torn knee ligaments
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Russia claims counter-offensive into Ukraine's Sumy region
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Casteels retires from Belgium duty over Courtois return
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First World Cup win for Truppe in Are as Shiffrin breaks another record
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New Zealand reach 251-7 against India in Champions Trophy final
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Highlights from Paris Women's Fashion Week
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Paris claims super-G in Kvitfjell as Odermatt edges closer to title
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Israeli air strike in Gaza ahead of new talks on truce with Hamas
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Ailing pope thanks doctors as condition improves
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Dominik Paris claims the super-G in Kvitfjell
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Japan's Takeda equals course record in dominant China LPGA win
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US ends waiver for Iraq to buy Iranian electricity
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China-US trade war heats up with Beijing's tariffs to take effect
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Garcia sends Ryder Cup message to captain Donald with LIV victory
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Israel to send team to Doha as Hamas pushes for phase two of Gaza truce
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Art lovers mob Paris's Pompidou Centre ahead of five-year closure
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Syria president calls for unity after reports of mass killings
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Greenland's Inuits rediscover their national pride
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'Went through a hell of a lot with me': how Trump boasts about Putin ties
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Floods, mass power cuts as wild weather bashes eastern Australia
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US takes rivalry with China to the high seas
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Coaches welcome more competitive Super Rugby landscape
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Greenland's road to independence, explained
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Wild weather blacks out 300,000 properties in Australia
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Hamas pushes for phase two of Gaza truce talks
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Tatum dominates as Celtics hold off Lakers; James injury scare
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New LIV CEO O'Neil predicts golf will 'open up again'
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Djokovic crashes out at Indian Wells as Alcaraz sails through
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Gauff outlasts Uchijima at Indian Wells for first win since Australian Open
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US shipbuilders, a shadow of what they were, welcome Trump's support
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Nigeria seeks to cash in on soaring cocoa prices
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Morris milestone as stylish Sounders crush LAFC
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Man with Palestinian flag arrested after scaling London's Big Ben
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Wild weather leaves mass blackouts in Australia
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China consumption slump deepens as February prices drop
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'Things are different' Djokovic says after another early exit at Indian Wells
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Colombian guerillas release hostage security forces
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France lose Dupont but Six Nations title on the cards after thrashing Ireland
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Phone bans sweep US schools despite skepticism
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Did Ukraine have to become a partisan US issue?
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Djokovic crashes out of Indian Wells opener
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Britain's King Charles calls for unity in 'uncertain times'
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Morikawa seizes lead at Arnold Palmer after birdie rally
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Alcaraz, Keys breeze into Indian Wells third round

US stocks fall again, sending Nasdaq nearer to dreaded 'bear' market
Wall Street stocks tumbled again Friday following a plunge in Netflix shares that sent the Nasdaq further into correction territory, spurring questions of just how far the market will fall.
After a bruising session on European bourses, all three major US indices fell, led by the Nasdaq which lost 2.7 percent on Friday alone.
The tech-focused index is down about 15 percent since its November record, midway between the 10 percent loss considered a correction and nearing the 20 percent drop that qualifies as a "bear market."
"We're still pretty far from a bear market, but if we start to see signs that higher interest rates are slowing the economy, you could easily pass from a correction to a bear market," said Gregori Volokhine of Meeschaert Financial Services.
Friday's session was dominated by the spectacular fall in Netflix, which ended with a loss of more than 20 percent after it projected it would add only 2.5 million subscribers in the first quarter of 2022, a sharp slowdown compared with earlier gains in the pandemic.
Netflix results "particularly spooked" technology-focused stocks on Friday, said Ross Mayfield, analyst at Baird.
"There's a sense now that the consumer is kind of renormalizing their behavior and shifting spending to services," he said.
That feeling "set off a chain reaction of what the next year to five years of consumer spending might look like versus what we would have thought beforehand."
- Fear factor -
Stocks have been under pressure so far this year after the Federal Reserve shifted to a more restrictive monetary policy path that will include interest rate increases, with the first expected in March.
The Fed is scheduled to meet next week amid intensifying concerns about accelerating inflation that has spurred debate on how many times the central bank will raise the benchmark lending rate in 2022.
"The mood in the markets has been progressively getting worse recently as traders are preparing themselves for the prospect of the Federal Reserve hiking interest rates three or four times this year," said David Madden at Equiti Capital.
CFRA Research still expects solid US growth in 2022, but recently trimmed its forecast slightly to 4.2 percent based on an outlook that includes four rate hikes, said chief investment strategist Sam Stovall.
The S&P 500, the most broad-based of the major indices, has fallen 8.3 percent from its last record.
Based on how stocks have historically responded to monetary policy shifts, Stovall estimates the S&P 500 could fall about 15 percent.
But a drop of twice that amount is also possible, depending on whether equities end up more or less generously valued compared with history, he said.
"The question is how scared investors are likely to be?" Stovall said. "But I don't know the answer."
- Key figures around 2240 GMT -
New York - Dow: DOWN 1.3 percent at 34,265.37 (close)
New York - S&P 500: DOWN 1.9 percent at 4,397.94 (close)
New York - Nasdaq: DOWN 2.7 percent at 13,768.92 (close)
London - FTSE 100: DOWN 1.2 percent at 7,494.13 (close)
Frankfurt - DAX: DOWN 1.9 percent at 15,603.88 (close)
Paris - CAC 40: DOWN 1.8 percent at 7,068.59 (close)
EURO STOXX 50: DOWN 1.6 percent at 4,229.56 (close)
Tokyo - Nikkei 225: DOWN 0.9 percent at 27,522.26 (close)
Hong Kong - Hang Seng Index: UP 0.1 percent at 24,965.55 (close)
Shanghai - Composite: DOWN 0.9 percent at 3,522.57 (close)
Euro/dollar: UP at $1.1344 from $1.1312 late Thursday
Pound/dollar: DOWN at $1.3553 from $1.3600
Euro/pound: UP at 83.67 pence from 83.17 pence
Dollar/yen: DOWN at 113.70 yen from 114.11 yen
Brent North Sea crude: DOWN 0.6 percent at $87.89 per barrel
West Texas Intermediate: DOWN 0.5 percent at $85.14 per barrel
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F.Pavlenko--BTB