Damian’s Recent Stories
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.
Nation Mar 18Stocks sink 7%, causing trading halt and recession fears
Goldman Sachs strategists describe this month as “March Sadness.”…
Economy Mar 16Stocks plunge as Wall Street, White House see recession risk
The losses accelerated in the last hour of trading as President Donald Trump advised Americans to avoid large gatherings. He also said he sees a chance of recession and promised help to the struggling airline industry.
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.
Nation Mar 11Stocks fall again on Wall Street as wild swings continue
Another big central bank made an emergency cut to interest rates in hopes of blunting the economic pain caused by COVID-19, which economists call the global economy’s biggest threat. But investors are still waiting for details promised by President Donald…
Nation Mar 06Stocks fall, bond yields take another breathtaking drop
Stocks kept falling Friday and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.
Economy Mar 03Stocks surge after Federal Reserve makes emergency rate cut
U.S. stocks jumped Tuesday after the Federal Reserve made an emergency rate cut to help support the economy from the impact from the virus outbreak.
Economy Feb 28Stocks sink again amid coronavirus outbreak, heading for the worst week since 2008
U.S. stocks sank again on Wall Street Friday, pushing the S&P 500 index down another 2.8% and putting the market on track for its worst week since October 2008.
Economy Feb 24Dow drops more than 1,000 points as coronavirus threatens the economy
The Dow Jones Industrial Average sank more than 1,000 points as the spread of the new coronavirus threatened wider damage to the global economy.
Economy Jan 27Global stocks tumble on coronavirus fears
Besides the threat to people's lives and health, investors are worried about how much damage the virus will do to profits for companies around the world.