Economy Apr 21 Oil 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 20 Oil 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 17 Hope 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 09 Federal 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 07 Wall 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 01 Stocks 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 31 Stocks 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 27 Stocks 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 24 Dow 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 23 Stocks 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.