Wall Street falls as virus cases surge

Wall Street’s major indexes have dropped as the United States set a new record for a one-day increase in coronavirus cases and bank stocks fell following the Federal Reserve’s move to cap shareholder payouts. The S&P 500 banks sub-index declined 3.9...

Wall Street slides amid virus worries

Wall Street’s major indexes have fallen as investors weigh the risk to the domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. The US state of Washington made face masks mandatory in public places while many...

Fears of fresh virus wave hit Wall Street

Wall Street’s main indexes have slumped, with the S&P 500 falling below 3000 points after a spike in new coronavirus cases in China and parts of the US dampened hopes of a swift economic recovery. Battered shares of US airlines, casino operators and cruise...

Wall Street rebounds as tech shares lead

Wall Street’s main indexes have jumped, recouping about half of the previous session’s sharp losses, but were still on track for their worst week in nearly three months on fears of a rise in new coronavirus infections and economic worries. All the major...

Wall Street jumps on surprise US job data

US stock indexes have jumped, with the Nasdaq Composite less than 1.0 per cent away from a record high, after a closely watched report showed surprise job additions in May, lending weight to hopes of a faster economic rebound from a coronavirus-led slump. Data from...