Stock Market Overview
The S&P 500 Index ($SPX) on Friday closed down -3.37%, the Dow Jones Industrials Index ($DOWI) closed down -4.06%, and the Nasdaq 100 Index ($IUXX) closed down -3.91%.
U.S. stock indexes on Friday moved sharply lower on concern the coronavirus pandemic may last longer than earlier expected, which would do even more damage to the U.S. economy. Cases of the coronavirus in the U.S. have now surpassed China as the U.S. now has 96,968 confirmed cases, compared with China's 81,340. Globally, confirmed cases of the coronavirus have risen above 585,000 with deaths exceeding 26,000. The coronavirus shows no signs of slowing as it took 67 days to reach the first 100,000 reported cases. Since then, the next 100,000 jump from 400,000 to 500,000 cases took just 48 hours.
Stock indexes recovered from their worst levels Friday after the House of Representatives voted to pass the $2 trillion rescue package and President Trump signed it into law.
A -4% plunge in the Euro Stoxx 5... Read more
The Latest on the pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.
Visa has told its global roster of Olympic and Paralympic hopefuls their sponsorships will be extended into 2021 after the Tokyo Games were postponed, providing some financial certainty amid the disruption caused by the coronavirus pandemic.
BARCELONA, Spain (AP) — Europe’s fractured union came under new pressure this weekend, as Italy and Spain pleaded for urgent European help to withstand the virus ordeal but Germany showed reluctance to plunge into any radical new solutions.
NEW YORK (AP) — The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments this weekend related to the global economy, the work place and the spread of the virus.
RENO, Nev. (AP) — Several alcohol distilleries in Nevada unable to make liquor under current coronavirus shutdowns are turning their attention to another product to help soothe customers.
The billions of headed for hospitals and states as part of the $2.2 trillion won't fix the problem facing doctors and nurses: a critical shortage of protective gowns, and .