NEW YORK — U.S. stocks joined a worldwide downdraft Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak. The S&P 500 was down over 4.4% at the end of trading as investors remain uncertain about the duration of the virus outbreak...
Stocks Fall, Capping Wall Street's Worst Quarter Since 2008
NEW YORK — Stocks fell Tuesday to close out Wall Street’s worst quarter since the most harrowing days of the 2008 financial crisis. The S&P 500 dropped a final 1.6%, bringing its loss for the first three months of the year to 20% as predictions for the looming recession caused...
Stocks Rise on Wall Street, Heading for Three-Day Rally
NEW YORK — Stocks marched higher on Wall Street Thursday, putting the market on track for its first three-day rally in six weeks, even as the astonishing scale of the downturn slamming the economy because of the coronavirus becomes more apparent. Nearly 3.3 million Americans applied for unemployment benefits last...
Dow Drops More Than 900 Points, Ending Worst Week Since 2008
Wall Street ended the week the same way it began: In full retreat from the coronavirus. Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation’s economy in the hope of limiting the spread...
Senator Asks for Ethics Probe Into His Own Stock Sales
WASHINGTON — Senate Intelligence Committee Chairman Richard Burr, R-N.C., is asking for an ethics probe in response to criticism that he sold off as much as $1.7 million in stocks just before the market dropped in February amid coronavirus fears. Senate records show that Burr and his wife sold between roughly...
Wall Street Gains Momentum After Another Rocky Start
NEW YORK — Stocks are gaining momentum in afternoon trading on Wall Street Thursday in a market marked by less volatility than recent days as global authorities rush to support an economy decimated by the coronavirus pandemic. The S&P 500 rose 1.8% after bouncing between a gain of 2.5% and...
A Look at What Happens When Stocks Enter a Bear Market
Stocks' staggering skid that began less than three weeks ago has pulled Wall Street into what’s known as a bear market. The collapse fueled by uncertainty surrounding the coronavirus has officially ended the bull market for stocks that began more than a decade ago. After a string of sharp losses,...
Virus Fears Grip Markets Again; Stocks and Bond Yields Slide
NEW YORK — Fear dominated financial markets again on Thursday, and stocks fell sharply on worries about the fast-spreading virus outbreak. It's the latest shudder in Wall Street's wildest week in more than eight years. Major indexes lost more than 3.5% in afternoon trading, and Treasury yields touched more record...
It's Up Again for Stocks as Wall Street's Wild Ride Extends
NEW YORK — Stocks jumped Wednesday morning and clawed back much of their sharp losses from the day before as Wall Street's wild, virus-fueled swings extend into a third week. Health care stocks led the market's spurt after a strong performance by Joe Biden in state primaries on Tuesday moved...
US Stocks Tumble Amid Global Sell-Off; Dow Falls 430
NEW YORK — U.S. stocks tumbled following a sell-off in markets in Europe and Japan Monday after China announced a sharp rise in cases of a deadly new virus that threatens to crimp global economic growth. The Dow Jones Industrial Average and S&P 500 each fell about 1.4%, giving up...