Even as depressing economic and health reports pile up, some investors are looking ahead to the prospect of parts of the economy reopening as infections level off in some areas.
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Posted inBusiness, Nation & World
Oil futures plunge below zero as demand collapses
Demand for oil has fallen so much due to the coronavirus pandemic that facilities for storing crude are nearly full.
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Posted inBusiness, Nation & World
Hope takes the reins on Wall Street as stocks rally worldwide
Investors focus on the possibility of a reopening economy rather than dismal economic data.
Posted inBusiness, Nation & World
Stocks climb as pandemic winners pull away on Wall Street
Amazon, Dollar General and Walmart all closed at record highs as people stock up on staples.
Posted inBusiness, Nation & World
Stocks sink on Wall Street as grim economic news pours in
Several reports are even more dismal than expected, including a record drop for U.S. retail sales.
Posted inBusiness, Nation & World
Stocks end higher as traders hope restrictions will ease
The broad rally came amid new signs that government officials are considering how to gradually reopen the economy.
Posted inBusiness, Nation & World
Stocks fall as investors brace for earnings hit from virus
The pullback followed news over the weekend that OPEC, Russia and other oil producing nations have agreed to cut output in a bid to stem a slide in crude prices following a collapse in demand due to the outbreak.
Posted inBusiness, Nation & World
Stocks climb 3.4% on Wall Street as hopes build for virus peak
Markets have been incredibly volatile in recent weeks as investors blindly guess how badly the coronavirus outbreak will hurt corporate profits amid suffocating uncertainty.
Posted inBusiness, Nation & World
Stocks drop as coronavirus crunches the job market, economy
Many businesses have slammed to a halt amid attempts to slow the spread of the outbreak.
Posted inBusiness, Nation & World
Stocks fall, capping Wall Street’s worst quarter since 2008 crisis
The big question is if markets will get worse. At this point, no one knows.