Price of gold surges but stocks mixed amid U.S.-China feud and pandemic
Major indexes in London, Tokyo and Hong Kong declined while Frankfurt and Shanghai edged up. U.S. stock futures were slightly higher ahead of the open.
Wall Street dips as tension mounts between U.S. and China
The coronavirus pandemic remains the most dominant force in markets, with its potential to destroy lives and economies. But other risks are also bubbling up, headlined by Friday's worsening relations between the United States and China.
Stock market makes modest gains after losses in Asia
Losses were milder in global markets than in the U.S. on Thursday, partly because markets in the region have not seen the same massive gains in recent weeks.
Dow 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.
The U.S. government reported more than 3.8 million laid-off workers applied for unemployment benefits last week, and data showed the European economy contracted by a record 3.8% in the first three months of the year.
Stocks are pushing higher in afternoon trading Friday as Wall Street nears the end of its tumultuous week.
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.
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.
Stocks are rising Friday as investors latch onto strands of hope about progress in the fight against the coronavirus.
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