Feb 24 Russian attack on Ukraine rocks global markets and oil soars By Associated Press Market benchmarks in Europe and Asia fell as much as 5% as traders tried to figure out how large Putin's incursion would be and the scale of Western retaliation. Continue reading
Jul 19 Stocks skid as investors fear virus surge will dent recovery By Stan Choe, Alex Veiga, Damian J. Troise, Associated Press Stocks skidded on Wall Street and investors sought refuge in government bonds amid worries that a surge in virus infections around the world will threaten the economic recovery. Continue reading
Mar 31 Stocks fall, capping Wall Street’s worst quarter since 2008 By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press 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. Continue reading
Mar 24 Dow has best day since 1933 as Congress nears deal on aid By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press 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. Continue reading
Mar 16 Watch 4:30 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… Continue watching
Mar 13 Stocks surge on new pandemic measures By Alex Veiga, Damian J. Troise, Associated Press 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. Continue reading
Mar 12 Worst day on Wall Street since 1987 as virus fears spread By Stan Choe, Alex Veiga, Associated Press The dramatic sell-off came despite a $1.5 trillion injection from the Federal Reserve — the equivalent cost of all U.S. student debt. Continue reading
Mar 09 WATCH: Trump to request payroll tax relief to calm financial markets By Zeke Miller, Associated Press Trump told reporters Monday that the administration was seeking "very substantial relief."… Continue reading
Mar 09 Dow drops 7.8% as free-fall in oil, virus fears slam markets By Stan Choe, Alex Veiga, Associated Press 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. Continue reading
Mar 02 Dow surges 5% following a 7-day loss over virus fears By Alex Veiga, Associated Press 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. Continue reading