-
Stocks Drop, But Hold on to Weekly Gains After a Big Rally
Stocks fell more than 3% on Wall Street, giving back part of the gains they piled up over the past three days
-
Stocks Have First Back-to-back Gains Since Sell-off Began
Asian stock markets are mixed after Wall Street gained as U.S. legislators wrangled over a proposed $2 trillion virus aid package
-
Dow Has Best Day Since 1933 as Congress Reaches Deal on Aid
Stocks are surging on Wall Street Tuesday, sending the Dow industrials up 10%, as Congress nears a deal to inject $2 trillion into the economy to mitigate damage from the coronavirus outbreak
-
Stocks Slump, Despite Fed Aid, as Virus Bill Stalls Again
Stocks fell about 3% on Wall Street Monday as Congress hit another roadblock in talks to inject nearly $2 trillion into the economy. Even an extraordinary flood of support from the Federal Reserve wasn’t enough to lift stocks, as frustration with Washington rises along with the number of coronavirus cases. Another attempt to advance the aid bill on Capitol Hill…
-
Dow Drops More Than 900 Points, Ending Worst Week Since 2008
Stocks are widening their losses and the price of oil is falling sharply again as clampdowns related to the coronavirus escalate
-
Stocks Roar Back From Big Losses After Emergency Declaration
European markets were mostly higher Friday after a turbulent trading session in Asia.
-
Worst Day on Wall Street Since 1987 as Virus Fears Spread
Global shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street.
-
Stock Trading Briefly Halted on Monday, Dow Ends With Worst Day since 2008
Trading in U.S. stocks was temporarily halted on Monday and none of the major indices were able to recover by the end of the day. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite were all down down more than 7% when trading closed.
-
US Stock Indexes End Week of Milestones With More New Highs
Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The Dow extended its streak of...
-
US Stock Indexes End Mostly Higher After Volatile Day
Investors rode out another turbulent day on Wall Street Thursday that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Worries about a possible recession collided with hopes that the strongest part of the U.S. economy — shoppers spending at stores and online — can keep going.
-
Facing Pressure, Trump Delays Tariffs on Some Chinese Goods
Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the U.S. Trade Representative was greeted with relief on Wall Street and by retailers...
-
Stocks Fall Again on Trade-War Worries, Capping a Wild Week
Stocks stumbled Friday as worries flared yet again that President Donald Trump’s trade war with China may be worsening. It was a fitting end to a wild week where markets zoomed down, up and down again as investors recalibrated by the minute how much the tensions will hurt the global economy. The S&P 500 dropped as much as 1.3% Friday...
-
Lashing Back, China Lets Yuan Drop, Halts US Farm Purchases
China decided Monday to meet President Donald Trump’s latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products. The moves, which came four days after Trump threatened more taxes on Chinese imports, knocked stock markets worldwide into a tailspin. On Wall Street, the Dow Jones Industrial Average was down more...
-
Powell Raises as Many Questions As Answers With Fed Rate Cut
The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for. During a news conference, Chairman...
-
Fed Cuts Key Rate for First Time in More Than a Decade
The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for. During a news conference, Chairman...
-
8-Alarm Fire Rips Through Downtown Natick, Massachusetts, Building
Thick plumes of smoke could be seen coming from an unforgiving eight-alarm fire Monday morning as the blaze sent three firefighters to a hospital and consumed several small businesses in Natick, Massachusetts. “It’s overwhelming to see this. I’ve never seen anything like it,” Michael Hickey, Chair of the Natick Board of Selectmen, said during a press conference. “This is the...
-
Trade Impasse: Trump Pledges $16B to Farmers; Markets Buckle
President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter, year-long trade dispute. U.S. Agriculture Secretary Sonny Perdue said that the first of three payments is likely to be made in July or...
-
From Tequila to TV Cameras — Here Is a List of US Goods China Is Targeting With a 25% Tariff
China upped the ante Monday in the ongoing tit-for-tat trade war between the world’s top economies. Beijing said it will raise tariffs on $60 billion in U.S. goods on June 1 in retaliation for President Donald Trump’s decision last week to hike duties on Chinese goods. This includes raising tariffs on more than 5,000 U.S. products to as high as...
-
Dow Drops More Than 600 Points, Posts Worst Day Since January as China Trade War Escalates
Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies. The Dow Jones Industrial Average dropped 617.38 points, or 2.4%, to 25,324.99 and posted its worst session since Jan. 3. The S&P 500 also had its worst day since early January, falling 2.4% to...
-
Wage Growth Is Hot and More Raises Are Coming, Major Employers Tell CNBC
The latest jobs report for April showed wage growth picking up steam. And it looks like employment income is going to stay moving that way, according to a new survey from CNBC of chief financial officers at major corporations. Cost of labor will be by far the biggest cost that companies face over the next six months, according to the...