US stocks veer lower in latest bout of market volatility
(WorldNews Business)

Stocks around the world remained stuck in the spin cycle Thursday, as worries about a possible recession collided with hopes that the strongest part of the U.S. economy - shoppers spending at stores and online - can keep going. The major U.S. stock indexes veered lower in afternoon trading, shedding midmorning gains, as the market continued to be gripped by volatility. The latest slide added to the market`s steep loss from a day earlier, when the S&P 500 had its worst day of the year as stocks tumbled after a fairly reliable warning signal of recession emerged from the bond market. Stocks in Asia and Europe started the latest wave of selling early Thursday after China said it would take...