Wall Street

Wall Street, European markets recover post-Brexit

Bank of England governor Mark Carney said the central bank would probably need to boost stimulus for Britain's economy in the months ahead.

That announcement put further pressure on the pound, sending it down 1.4 per cent to $US1.32.

The European Central Bank said it may need to expand the scope of its bond purchasing program in order to provide extra stimulus within the eurozone.

By the close, the Dow Jones Industrial Average gained 1.3 per cent to 17,929.

Shares jump on Warren Buffett's $US1b Apple stake, oil surge

Apple jumped 3.7 per cent to $US93.88, recovering from its lowest level since 2014 touched last weekafter fears sales growth will continue to slow.

Mr Buffett's multinational corporation Berkshire Hathaway made the investment in the first quarter, before Apple reported its first quarterly revenue decline in 13 years.

"[Apple] is stunningly cheap, and it has a massive pile of cash," Steve Wallman, founder of Wallman Investment Counsel told Reuters.

Energy stocks lead an early decline as oil price slumps

U.S. crude sank 3 percent in early trading in New York Friday after the International Energy Agency forecast that oil supplies from non-OPEC countries are expected to plunge next year.

Drilling and other energy companies were among the biggest decliners in early trading. Rig operator Transocean fell 3.4 percent.

The Dow Jones industrial average fell 68 points, or 0.4 percent, to 16,264 in early trading.

US markets drop after bleak Chinese manufacturing report

KEEPING SCORE: The Dow Jones industrial average lost 357 points, or 2.1 percent, to 16,177 as of 10:02 a.m. Eastern time. The Standard & Poor's 500 index lost 41 points, or 2.1 percent, to 1,931 and the Nasdaq composite fell 83 points, or 2.8 percent, to 4,691.

US stocks surge, snapping 6-day losing streak

While the surge came as a relief to many, Wall Street professionals warned that more rough days lie ahead, in part because of unsettled conditions in China, where signs of an economic slowdown triggered the sell-off that has shaken global markets over the past week.

US stocks extend losses as early rally fades

For most of the day, it appeared that the market had shaken off some of its worries about the slowdown in China, and at one point the Dow was up by as much as 441. But then sell orders began pouring in in the last 15 minutes of trading.

The Dow ended the day with a loss of 204.91 points, or 1.3 percent, at 15,666.44. The Standard & Poor's 500 index fell 25.59 points, or 1.4 percent, to 1,867.62. The Nasdaq composite declined 19.76 points, or 0.4 percent, to 4,506.49.

Another Chinese sell-off prompts jitters across markets

KEEPING SCORE: In Europe, Germany's DAX fell 1.3 percent to 10,547, while Britain's FTSE slipped 0.6 percent to 6,363. The CAC40 in France was 1.3 percent lower at 4,821. Wall Street looked set for losses at the open too with Dow futures and the broader S&P 500 futures down 0.7 percent.

CHINA CONCERS: Worries over China, the world's number 2 economy, were once again the catalyst for Thursday's declines.