Alex’s Recent Stories
Economy Mar 27Stocks drop, but hold on to weekly gains after a big rally
Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus.
Economy Mar 24Dow has best day since 1933 as Congress nears deal on aid
Despite the gains, investors were far from saying markets have hit bottom. Rallies nearly as big as this have punctuated the last few weeks, and none lasted more than a day.
Economy Mar 23Stocks fall, despite federal aid as traders wait for Congress
Earlier, markets got a bump following the Federal Reserve's latest massive announcement of support. But the gains quickly vanished.
Economy Mar 20Stocks give up gains after New York tightens virus clampdown
The Dow Jones Industrial Average erased an early gain of 444 points and was down 180 points, or 0.9%, in afternoon trading.
Economy Mar 18Tumbling stocks erase nearly all Dow gains since Trump’s inauguration
Even prices for investments seen as safe during downturns fell as the coronavirus outbreak chokes the economy and investors rush to raise cash.
Economy Mar 13Stocks surge on new pandemic measures
The rally came at the end of a week of turbulent trading fueled by heightened fears that the fallout from the coronavirus could bring on a global recession.
Economy Mar 12Worst day on Wall Street since 1987 as virus fears spread
The dramatic sell-off came despite a $1.5 trillion injection from the Federal Reserve — the equivalent cost of all U.S. student debt.
Economy Mar 09Dow drops 7.8% as free-fall in oil, virus fears slam markets
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
Economy Mar 04Stocks soar on plans for more stimulus measures, Biden wins
Health care companies helped lead the gains after Biden solidified his contender status for the Democratic presidential nomination. Investors see him as a more business-friendly alternative to Bernie Sanders.
Economy Mar 02Dow surges 5% following a 7-day loss over virus fears
The Dow Jones Industrial Average surged nearly 1,300 points, or 5%, on hopes that central banks will take action to shelter the global economy from the effects of the coronavirus outbreak.