Alex’s Recent Stories
Economy Jun 11Dow sinks 1,800 as virus cases rise, deflating optimism
The Dow Jones industrials lost more than 1,800 points, nearly 7%, as increases in coronavirus cases deflated optimism that the economy could recover quickly from its worst crisis in decades.
Economy Apr 24Stocks push higher on Wall Street following tumultuous week
Stocks are pushing higher in afternoon trading Friday as Wall Street nears the end of its tumultuous week.
Economy Apr 21Oil prices keep crumbling, stocks around the world tumble
Stocks are falling in afternoon trading on Wall Street and the collapse in oil prices is deepening as the economic carnage caused by the coronavirus pandemic turns markets upside down.
Economy Apr 20Oil price goes negative as demand collapses
A barrel of benchmark U.S. oil for May delivery fell to negative $3.70 per barrel.
Economy Apr 17Hope finds a foothold on Wall Street, stocks rally worldwide
U.S. stocks joined a worldwide rally and closed out their first back-to-back weekly gain since the market began selling off two months ago.
Economy Apr 09Federal action leads Wall Street to cap best week since 1974
Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak. The central bank announced programs to provide up to $2.3 trillion…
Economy Apr 07Wall Street’s rally fizzles as oil prices suddenly plunge
A big rally on Wall Street is losing steam in afternoon trading Tuesday, undercut in part by another plunge in the price of oil.
Economy Apr 01Stocks slide worldwide as coronavirus infections keep soaring
Treasury yields sank as investors moved into safer investments. Stocks worldwide fell following a weak reading on Japanese business sentiment and after big British banks cut their dividends to preserve cash. …
Economy Mar 31Stocks fall, capping Wall Street’s worst quarter since 2008
Massive aid for the economy and markets from the Federal Reserve and Capitol Hill have helped spur some buying, although the S&P 500 and the Dow fell more than 1.5% Tuesday.
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.