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.
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What lessons from 2008 financial crisis can be applied to coronavirus economic fallout?
Financial panic rocked world markets Monday. All three major U.S. stock indices were down over 10 percent, despite extraordinary action Sunday by the Federal Reserve to cut a key interest rate to zero. But the painful economic implications of the…
Stocks 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.
Worst day on Wall Street since 1987 as virus fears spread
The dramatic sell-off came despite a $1.5 trillion injection from the Federal Reserve — the equivalent cost of all U.S. student debt.
Trump told reporters Monday that the administration was seeking "very substantial relief."…
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
The Dow Jones Industrial Average surged nearly 1,300 points, or 5%, on hopes that central banks will take action to shelter the global economy from the effects of the coronavirus outbreak.
The losses came a day after the market's biggest drop in two years. Investors plowed money into bonds, sending the yield on the 10-year Treasury to a record low.
Global markets dropped after Apple CEO Tim Cook announced unforeseen sales declines for iPhones in China. Why is the Chinese economy so important to American business, and what's at the root of global market volatility? Diane Swonk, chief economist with…
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