Damian’s Recent Stories
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 17Stocks rise worldwide, lifted by hopes for virus progress
Stocks are rising Friday as investors latch onto strands of hope about progress in the fight against the coronavirus.
Economy Apr 02Wall Street rises as higher oil prices revive energy stocks
Stocks rose on Wall Street Thursday, largely due to gains for energy companies, after the price of oil bounced further off its lowest level in 18 years.
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 25Stocks jump, heading for first back-to-back gain in 6 weeks
Stocks are adding to their gains Wednesday as Congress moves closer to passing a $2 trillion package to help the economy deal with damage 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.