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 […]

Stock market rout deepens on virus worries; Dow falls 4 percent

The Dow Jones Industrial Average tumbled nearly 1,200 points Thursday, deepening a weeklong worldwide rout caused by growing anxiety that the coronavirus will wreak havoc on the global economy. It was the market’s worst one-day drop since 2011. The S&P 500 has now plunged 12% from the all-time high it set just a week ago. […]