Some of Monday’s sharpest action was in the oil market, where benchmark U.S. crude fell 6.6% to $20.09 a barrel after touching its lowest price since 2002.
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Asian shares resume decline after latest Wall Street tumble
Even prices for investments seen as safe during downturns fall as the coronavirus outbreak chokes the economy.
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Stocks roar back on hopes for Trump’s coronavirus plan
The rally recoups many of the losses from a day earlier, when the index experienced its worst slide since the Black Monday crash of 1987.
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Asian shares plunge after Wall Street’s worst day since ’87
The latest sell-off comes despite an announcement by the Fed that it’s injecting up to $2 trillion into short-term lending markets as a way to ensure that the Treasury bond market can function smoothly.
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Markets’ slide continues in Asia after Dow tumbles into bear market
Investors rush to sell amid uncertainty about how badly the coronavirus outbreak will hit the economy.
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Roller-coaster week ends with bond yields, stocks sinking
Investors are trying to guess how much economic damage the coronavirus will ultimately inflict.
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Dow closes up 4.5% on plans for stimulus measures, Biden wins
Health care stocks led the market’s spurt after a strong performance by Joe Biden in state primaries Tuesday and following efforts by governments to fight the coronavirus outbreak.
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Dow surges 5% as traders hope for central bank help on the economy
The market recoups part of the losses it took in a 7-day rout that gave stocks their worst week since the financial crisis of 2008.
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Spotify’s opening act on Wall Street strikes a chord with investors
The music streaming service debuts with a market value of $77 billion despite being unprofitable and facing competitors with deep pockets.
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IBM reports first revenue growth in 5 years
Revenue of $22.54 billion in the quarter tops Wall Street forecasts.