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 […]
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Wall Street sinks as virus anxiety grows
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
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 St gains as investors mull stimulus
Wall Street has risen as US President Donald Trump followed last week’s massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors hopeful that the economic impact of the coronavirus could still be contained. A record $US2.2 trillion ($A3.6 trillion) in aid and unprecedented policy easing from the Federal […]
Wall Street drops after three-day surge
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 […]
Wall St up, job data raises stimulus hopes
Wall Street has gained more ground as the record weekly jobless claims came in below investors’ worst fears while adding to the case for more stimulus to combat the economic impact of the coronavirus pandemic. Initial claims for unemployment benefits rose to 3.28 million last week as lockdowns across the […]