• Stocks slide as Wall Street braces for worst quarter in decades

    Stocks slide as Wall Street braces for worst quarter in decades

    US stocks slid Tuesday as the coronavirus pandemic put Wall Street on track to end its worst three-month period in decades. The Dow Jones industrial average dropped as much as 191.02 points, or 0.8 percent, at the open after posting gains in four of the past five trading days. The blue-chip index was down 21.7 …
  • DOJ Looking into NC Sen. Burr’s Stock Trades Before Coronavirus Outbreak

    DOJ Looking into NC Sen. Burr’s Stock Trades Before Coronavirus Outbreak

    Senator Richard Burr (R., N.C.) on Capitol Hill in Washington, D.C., December 16, 2019 . The Justice Department is probing a series of stock trades made by Senator Richard Burr (R., N.C.) in the weeks prior to the outbreak of Wuhan coronavirus in the U.S., CNN reported on Sunday. The probe is being coordinated with …
  • Stocks climb as oil prices plummet, social distancing extends

    Stocks climb as oil prices plummet, social distancing extends

    US stocks edged higher Monday after President Trump extended his administration’s social-distancing guidelines to April 30, with investors continuing to gauge the fallout from the relentless spread of the coronavirus. The Dow Jones industrial average rose as much as 532.35 points, or 2.4 percent, by midday, while the S&P 500 and Nasdaq Composite increased as …
  • Stocks plunge after historic rally as coronavirus continues to spread

    Stocks plunge after historic rally as coronavirus continues to spread

    US stocks plunged again Thursday, spoiling a historic three-day rally as the rampant spread of the coronavirus in the US rattled Wall Street. The Dow Jones industrial average sank as much as 898.86 points, or nearly 4 percent, as the US eclipsed China this week with its total number of coronavirus cases, which is now …
  • Stock market rallies for third straight day despite grim jobs report

    Stock market rallies for third straight day despite grim jobs report

    US stocks rallied for a third straight day Thursday despite a grim government report showing the coronavirus pandemic has put millions of Americans out of work. The Dow Jones industrial average jumped as much as 1,022.42 points, or 4.8 percent, even after the US Labor Department said more than 3.2 million people filed for unemployment …
  • US has fewer 401(k) millionaires after coronavirus stock market meltdown

    US has fewer 401(k) millionaires after coronavirus stock market meltdown

    There were over 11 million households in America worth between $1 million and $5 million in February, according to Spectrem Group’s Market Insights Report 2020. That figure — the number of 401(k) millionaires, as they were called — was heralded in many newspapers just a few weeks ago. Now, according to Spectrem, there are half …
  • Dow jumps 495 points in first back-to-back gains since February

    Dow jumps 495 points in first back-to-back gains since February

    US stocks rallied on Wednesday — notching their first back-to-back gains since last month — as Congress and the White House agreed on a $2 trillion coronavirus stimulus package. The Dow Jones industrial average rose 495.64 points, or 2.39 percent, to 21,200.55 after lawmakers reached an overnight deal for a giant spending package that will …
  • Dow surges more than 2,100 points — biggest gain since 1933

    Dow surges more than 2,100 points — biggest gain since 1933

    The Dow had its best day since 1933, clawing back some of its recent, brutal losses on signs that Congress was nearing a deal for a US stimulus package worth as much as $2 trillion to battle the coronavirus pandemic. The Dow Jones industrial average rose 2,112.98 points, or 11.4 percent, to 20,704.91 as lawmakers …
  • Dow jumps 1,500 points as investors await $2 trillion coronavirus package

    Dow jumps 1,500 points as investors await $2 trillion coronavirus package

    US stocks surged Tuesday on signs that Congress is poised to pass a stimulus package worth as much as $2 trillion to offset the economic fallout from the coronavirus pandemic. The Dow Jones industrial average rose as much as 1,528.16 points, or about 7.6 percent, as lawmakers neared a deal with the Trump administration on the rescue …
  • Stocks plummet despite Federal Reserve efforts to stem Chinese virus impact

    Stocks plummet despite Federal Reserve efforts to stem Chinese virus impact

    US stocks plummeted Monday even after the Federal Reserve threw more lifelines at a national economy facing an increasingly dire threat from the coronavirus pandemic. The Dow Jones industrial average plunged as much as 960.33 points, or 5 percent, despite the Fed’s announcement that it would place no limits on a huge bond-buying program it restarted a …