Alex’s Recent Stories
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.
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.