Wall Street dips as record job growth ends

Vinson

Wall Street has dipped as the novel coronavirus abruptly ended the longest spell of US employment growth on record, but declines were limited by a surprise expansion in the US services sector. The Labor Department’s report said a recession was under way as business activities have come to a standstill, […]

Wall Street gains on oil price recovery

Vinson

Wall Street has bounced as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past six million. Initial claims for unemployment benefits last week exceeded the top end of analysts’ estimates at 5.25 million, and US President Donald Trump has warned of more economic pain as […]

Wall Street sinks as virus anxiety grows

Vinson

The Dow Jones has tumbled more than 700 points as investors fled to safe-haven assets after new orders for US-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017. The blue-chip Dow and the S&P 500 had ended their previous session with their […]

Wall Street edges higher at start of trade

Vinson

US stock markets are steady at the end of the worst first quarter for the S&P 500 since 1938 amid growing evidence of the large scale damage caused by the collapse in oil prices and business activity due to the coronavirus. Real estate stocks, utilities and consumer staples – commonly […]

Wall Street drops after three-day surge

Vinson

Wall Street has fallen more than 3.0 per cent following the S&P 500 and the Dow’s best three-day run in nearly a century as fears about the economic damage from the coronavirus pandemic returned to the forefront. The United States on Thursday surpassed China as the country with the most […]