Several reports are even more dismal than expected, including a record drop for U.S. retail sales.
Wall Street
Posted inBusiness, Nation & World
Stocks end higher as traders hope restrictions will ease
The broad rally came amid new signs that government officials are considering how to gradually reopen the economy.
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Stocks fall as investors brace for earnings hit from virus
The pullback followed news over the weekend that OPEC, Russia and other oil producing nations have agreed to cut output in a bid to stem a slide in crude prices following a collapse in demand due to the outbreak.
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Stocks climb 3.4% on Wall Street as hopes build for virus peak
Markets have been incredibly volatile in recent weeks as investors blindly guess how badly the coronavirus outbreak will hurt corporate profits amid suffocating uncertainty.
Posted inBusiness, Nation & World
Stocks drop as coronavirus crunches the job market, economy
Many businesses have slammed to a halt amid attempts to slow the spread of the outbreak.
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Stocks fall, capping Wall Street’s worst quarter since 2008 crisis
The big question is if markets will get worse. At this point, no one knows.
Posted inBusiness, Nation & World
Wall Street rally rolls on, led by health care stocks
Some of Monday’s sharpest action was in the oil market, where benchmark U.S. crude fell 6.6% to $20.09 a barrel after touching its lowest price since 2002.
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Asian shares resume decline after latest Wall Street tumble
Even prices for investments seen as safe during downturns fall as the coronavirus outbreak chokes the economy.
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Stocks roar back on hopes for Trump’s coronavirus plan
The rally recoups many of the losses from a day earlier, when the index experienced its worst slide since the Black Monday crash of 1987.
Posted inBusiness, Nation & World, News
Asian shares plunge after Wall Street’s worst day since ’87
The latest sell-off comes despite an announcement by the Fed that it’s injecting up to $2 trillion into short-term lending markets as a way to ensure that the Treasury bond market can function smoothly.