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US stocks fell sharply enough Monday to halt trading for the third time in about a week as the Federal Reserve’s latest interest-rate cut failed to quell Wall Street’s growing coronavirus fears. The S&P 500 plunged 8.1 percent at the opening bell to 2,490.47, triggering a so-called circuit-breaker that stops trading for 15 minutes after a 7 …
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Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington, D.C., July 10, 2019 The Federal Reserve announced Sunday it was cutting interest rates by a full percentage point to near zero, and relaunched its bond-buyback program in an effort to battle market uncertainty in the wake of the global coronavirus pandemic. The moves mark …
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Companies whose stocks have remained largely immune to the coronavirus could catch a nasty cold once the panic clears, experts warn. A handful of companies — from consumer staple companies to teleconferencing firms — have been cushioned from coronavirus-inspired stock blows so epic that the Dow’s longest bull run in history was officially declared dead last …
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Tesla stock is being battered along with the rest of the market, but how significantly will the crash in the price of oil impact the electric-car company? Alternative fuel plays almost always head south when oil gets cheaper, and that is likely to be exacerbated if consumer spending contracts. Will 2020 go down as the …
US stocks fell sharply enough Monday to halt trading for the third time in about a week as the Federal Reserve’s latest interest-rate cut failed to quell Wall Street’s growing coronavirus fears. The S&P 500 plunged 8.1 percent at the opening bell to 2,490.47, triggering a so-called circuit-breaker that stops trading for 15 minutes after a 7 …
