Wall Street drifts as week of erratic swings comes to close
Stocks are drifting in early trading on Wall Street Friday, the latest eddies in a week full of erratic swings driven by worries about rising coronavirus counts.
Most stocks on Wall Street rise again on hopes for economy
The Dow Jones Industrial Average was up 248 points, or 0.9%, at 27,359, as of 10:52 a.m. Eastern time, and the Nasdaq composite was up 0.2%.
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Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak. The central bank announced programs to provide up to $2.3 trillion…
A big rally on Wall Street is losing steam in afternoon trading Tuesday, undercut in part by another plunge in the price of oil.
Stocks jumped in markets around the world Monday after some of the hardest-hit areas offered sparks of hope that the worst of the coronavirus outbreak may be on the horizon.
Stocks are wavering in early trading on Wall Street after the government reported that more than 700,000 jobs were lost last month.
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.
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.
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