Dow crests 30,000 points on vaccine hopes, Biden transition

The Dow Jones Industrial Average closed above 30,000 points for the first time Tuesday as progress in the development of coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin kept investors in a buying mood. Traders were also encouraged to see that Biden had selected […]

Stocks rise on Wall Street, as US braces for 100,000 deaths

NEW YORK — Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation’s official death toll from the coronavirus closed in on 100,000, a number President Donald Trump once predicted the […]

Wall Street up as recovery hopes overshadow virus worries

Stocks surged on Wall Street in morning trading Tuesday, driving the S&P 500 to its highest level in nearly three months, as hopes for economic recovery overshadow worries about the coronavirus pandemic. The S&P 500 was up 2% to 3,015 points. It’s the first time the benchmark index has been above the 3,000-point mark since […]

Oil price goes negative as demand collapses; stocks dip

NEW YORK — Oil futures plunged below zero for the first time on Monday as demand for energy collapses amid the coronavirus pandemic and traders sought to avoid owning crude with nowhere to store it. Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 1.2%, but the market’s most […]

Stocks rise worldwide, lifted by hopes for virus progress

NEW YORK — Stocks around the world rose on Friday as investors latched onto strands of hope about progress in the fight against the coronavirus. The S&P 500 was up 1.3% in midday trading, though the gains faded a bit from the start. It followed up on jumps of better than 2% in Europe and […]

Stocks rise sharply on hopes of progress in battling virus

NEW YORK — Stocks around the world jumped on Monday after some of the hardest-hit areas offered sparks of hope that the worst of the coronavirus outbreak may be on the horizon. U.S. stocks climbed 4.5% in morning trading, following up on gains that were nearly as big in Europe and Asia. In another sign […]

Dow has best day since 1933 as Congress nears deal on aid

NEW YORK — The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus. The Dow burst 11.4% higher, while the more closely followed S&P 500 index leapt 9.4% […]

Senators sold stock before steep market losses from virus

WASHINGTON — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic. Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and […]

Cautious optimism on Wall Street, markets rise with aid hope

NEW YORK — Stocks capped a wobbly day on Wall Street with solid gains Thursday, reflecting cautious optimism among investors that emergency action by the U.S. government and central banks will cushion the global economy from a looming recession caused by the coronavirus pandemic. The swings in the market were markedly less volatile than recent […]

Stocks jump 1,048 points after Trump promises to ‘go big’ on virus aid

NEW YORK — Stocks rallied Tuesday as President Donald Trump promised he’s “going big” with plans to prop up the staggering economy through the coronavirus outbreak. Besides the White House’s proposal, which could approach $1 trillion, the Federal Reserve also announced its latest emergency move to get markets running more smoothly. The S&P 500 climbed […]