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US stocks plunge as oil crash shakes financial markets

Global stocks tumbled in chaotic trading and investors sought refuge in US government bonds after a crash in the price of oil rocked financial markets already reeling from the spiralling impact of coronavirus. Wall Street’s S&P 500 plunged 7 per cent shortly after the opening...

S&P falls for seventh day, suffers biggest weekly plunge since 2008 crisis

New York (Reuters) - The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks...

Global Stock Market Rises From Its Sickbed; Nasdaq, S&P 500 Both Up 1% Or More

The stock market rebounded smartly Tuesday, overcoming coronavirus flu fears to post solid gains for the first time since last week. With virus fears abating, a spate of better-than-expected earnings reports buoyed markets. Apple (AAPL) and Advanced Micro Devices (AMD) both rose in anticipation...

Wall Street set for weekly loss on gathering virus fears

NEW YORK (Reuters) - Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. All three major U.S. stock averages extended their losses after the Centers for Disease Control and Prevention confirmed the second...

Global equities climb, as does U.S. dollar

US stocks were shining on Thursday, with major advances across all indices. The US dollar too continued its years-long climb. The Dow Jones industrials gained 326.15 points or 1.25% to 26,325.25 NEW YORK, New York...

Bond market yield curve inverts, signaling Fed may be too slow to cut rates, risks recession

The Fed repeated that its rate cut was a midcycle adjustment, which sparked a small but significant move in the bond market Wednesday afternoon. The spread between the 2-year yield and 10-year yield...

Wall Street rally halts as financial shares slide

NEW YORK (Reuters) - Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week. The S&P 500 financial index .SPSY dropped 1.2%, and the group...

MARKETS WRAPS: Nigeria equities rebound as Oil climbs on Iran tensions, MSCI’s stocks edge back from 7-week highs

Gold at near six-year highs after big week * Investors digest possible wave of central bank easing * U.S.-China trade talks in focus at G20 meeting * Dollar hits three-month lows on U.S. rate cut bets (Updates with close of U.S. markets) By Lewis Krauskopf NEW YORK, June...

Global stocks rally on U.S. rate-cut hopes, bond yields rise

NEW YORK - Global stock indexes rallied on Tuesday and U.S. stocks registered their biggest one-day gains in five months as Federal Reserve Chairman Jerome Powell seemed to open the door to the possibility of a rate cut, while yields on U.S. Treasuries...

Wall Street rout worsens as China hits back on trade

Sruthi Shankar, Amy Caren Daniel (Reuters) - U.S. stock markets fell more than 2% on Monday after China announced retaliatory tariffs on U.S. goods, heightening fears of a full-blown trade war between the world’s two largest economies that could cripple global economic growth. At the...
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