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Economy, Stocks

“Dow drops nearly 3,000 points… worst day since ’87”

March 17, 2020

“The Dow Jones Industrial Average closed 2,997.10 points lower, or 12.9%, at 20,188.52. The 30-stock Dow was briefly down more than 3,000 points in the final minutes of trading. The S&P 500 dropped 12% to 2,386.13 — hitting its lowest level since December 2018… Continue Reading…

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Business, Economy

“Empire State manufacturing index sees record decline to -21.5 in March”

March 16, 2020

“The numbers:The New York Fed’s Empire State business conditions index plunged a record 34.4 points to -21.5 in March, the regional Fed bank said Monday. Economists had expected a reading of 4.8, according to a survey by Econoday. This is the… Continue Reading…

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Economy, Stocks

“Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash”

March 13, 2020

“Stocks plummeted once again on Thursday after President Donald Trump and the Federal Reserve both failed to quell concerns over the economic slowdown stemming from the coronavirus, leading to a historic drop for the U.S. markets. The Dow Jones Industrial Average closed 2,352.60… Continue Reading…

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Stocks

“Dow slides… oil price war escalates”

March 11, 2020

“Dow Jones industrial average tumbled 700 points, or about 3 percent, at the open. Standard & Poor’s 500 futures sank 2.8 percent and the Nasdaq fell 2.4 percent… Saudi Arabia on Wednesday announced its first oil production increase in a… Continue Reading…

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Stocks

“Stock market news… Oil crashes, stock futures crater…”

March 9, 2020

“9:49 a.m. ET: Stocks resume trading, S&P, Dow plunge anew The S&P 500 and Dow extended losses after reopening following a 15 minute halt for trading. The broader market index slid about 7.2%, or more than 200 points, while the… Continue Reading…

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Banking, Economy

“Treasury Yields Hurtle Toward Zero With Bets on Fed Cuts Growing”

March 6, 2020

“Treasury yields plummeted to record lows Friday as concern about the global economic and financial impact of the coronavirus spurred demand for havens and traders amped up bets on further central bank easing this month. U.S. securities rallied, led by… Continue Reading…

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Stocks

“Global stocks fall again on fear of virus impact on economy”

February 28, 2020

“Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008. Germany’s DAX skidded as much… Continue Reading…

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Economy

“Dow plunges by 950 points on fears coronavirus will tank global economic growth”

February 24, 2020

“The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily… Continue Reading…

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Business, Stocks

“J.C. Penney in danger of being booted from New York Stock Exchange”

February 3, 2020

“Shares are required to maintain an average closing price of at least $1 over a 30-trading day period. The company has six months to regain compliance… J.C. Penney shares have plunged more than 93 percent since March 2016 amid changing consumer… Continue Reading…

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Economy

“California population growth slowest since 1900 as residents leave…”

December 26, 2019

“The number of Californians increased to 39.96 million, with new data from the Department of Finance showing mostly downward trends. They are rooted in fewer births, coupled with increased deaths among an aging population. The Golden State, however, has also seen changes in… Continue Reading…

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