NEW YORK — The stock market suffered its worst loss of the year Tuesday because of uncertainty about coming corporate earnings reports and concerns that the borrowing costs of Spain are creeping close to a crisis level.
WASHINGTON — Discouraging economic data from around the globe have heightened fears that another recession is on the way. Fresh evidence emerged Thursday that U.S. home sales and manufacturing are weakening. Signs also surfaced that European banks are increasingly burdened by the region’s debt crisis and sputtering economy. The rising anxiety ignited a huge sell-off in stocks that led many investors to seek the safety of U.S. Treasurys.