NEW YORK — Wall Street is flipping between small gains and losses Wednesday, as markets around the world take a pause following their big rally a day before. The S&P 500 was up 0.1%, as of 11 a.m. Eastern time, after earlier pinging between a gain of 0.4% and a...
Stocks Drop as Coronavirus Crunches the Job Market, Economy
NEW YORK — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. Stocks initially held steady after the government said...
Stocks Skid Worldwide as Coronavirus Infections Keep Soaring
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...
Wall Street Looks for First Back-To-Back Gain in Six Weeks
NEW YORK — Stocks are higher in another day of bumpy trading Wednesday as Congress moves closer to passing a $2 trillion package to help the economy deal with damage caused by the coronavirus. If the market ends higher, it would mark the first back-to-back gain since a brutal sell-off...
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...
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...