Dow plunges 900 points on new COVID-19 variant fears
Concerns about the new variant are spurring a stock sell-off, as some European countries impose flight restrictions.
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Concerns about the new variant are spurring a stock sell-off, as some European countries impose flight restrictions.
The Dow, S&P 500 and Nasdaq all took major hits as a global glut in oil supply and low demand for fuel sent stock prices plummeting. Janet Shamlian reports.
The Dow tumbled more than nine hundred points to end Wall Street's worst week since 2008. It's on pace for its worst month since 1931. Kris Van Cleave reports.
The stock markets ended a brutal week on a positive note. The Dow bounced back by nearly 2,000 points, picking up more than 9% on Friday. CBS News business analyst Jill Schlesinger reports.
The Dow Jones Industrial Average on Monday saw its worst trading day since 2008 thanks to an oil price war and fears of the spread of coronavirus across the world. Associated Press White House reporter Jill Colvin, Wall Street Journal congressional reporter Natalie Andrews and New York Times Federal Reserve and economic reporter Jeanna Smialek spoke to CBSN's "Red & Blue" about the unfolding situation in Washington.
There was another increase in new unemployment claims last week, as the coronavirus pandemic continues to head in the wrong direction. Feeding America predicts over 50 million Americans will have faced hunger by the end of the year. Mark Hamrick, senior economic analyst at Bankrate, joins CBSN to discuss the state of the economy.
The Dow Jones Industrial Average surpassed 30,000 points for the first time in the history of the blue-chip index. Stocks pushed higher as Pennsylvania certified President-elect Joe Biden's win in that state and investors cheered the White House's moves to pave the way for President Trump's exit from the Oval Office. CBS News' Laura Podesta reports.
Stocks jumped as Americans headed to the polls on Election Day. The S and P 500 gained 2.3% in morning trading, heading for a second straight day of gains. Melissa Armo, founder and owner of The Stock Swoosh, joins CBSN to explain what the latest numbers mean and how a contentious election could affect them.
For the first time ever, the Dow Jones broke through three thousand-point milestones in the same year. Analysts say this is a signal that the economy is getting better, but some warn of another tech bubble. Anthony Mason reports.
Panic over a coronavirus outbreak could send the stock market into its worst week since the 2008 financial crisis. The Dow Jones industrial average saw its worst one-day point drop in history on Thursday as it lost an entire year’s worth of gains over the course of a week. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss the likely economic fallout.
The Dow Jones industrial average saw its biggest one-day drop in history over stock markets’ coronavirus panic, though investor optimism due to the Trump administration’s economic proposals helped lift world markets overnight. Nikki Battiste is at the New York Stock Exchange to report on whether the optimism is still helping numbers recover.
The Dow Jones Industrial Average closed down 10% on Thursday, its worst day since 1987. The Dow went from a record high to a downward bear market in just 19 days -- its fastest slide since 1931. Greg Ip, the Wall Street Journal's chief economics commentator, said a recession is "likely." He broke down the signs that point to an economic downturn and what the government can do to try and prevent it on "CBS This Morning."
The Dow and NASDAQ’s Friday closing numbers marked the end of U.S. markets’ worst week since the 2008 financial crisis. The economic fallout has also lead to massive layoffs and predictions of an unprecedented slowdown. Jill Schlesinger joins “CBS This Morning: Saturday” to break down the latest financial information.
Stocks opened up Monday after a week of extreme volatility. Melissa Armo, C.E.O. and founder of The Stock Swoosh, joined CBSN to talk about what we're seeing on Wall Street.
Stocks fell on Tuesday, marking the end of a volatile March. The coronavirus pandemic has caused major market swings. Melissa Armo, CEO and founder of The Stock Swoosh, joined CBSN at the end of the trading day to talk about what we're seeing on Wall Street.
Wall Street is looking to Washington to act as economic activity collapses around the country.
The S&P 500 is now up just 6% since Mr. Trump was inaugurated a little over three years ago in January 2017.
The historic run-up in stocks that followed the Great Recession is over —stay calm, investment pros say.
Plunges in stock, bond and oil markets are all flagging a significant drop in economic activity.
U.S. financial markets are slumping, with some economists forecasting a major blow to domestic growth.
Dow soars more than 900 points, as investors cheer Biden's primary wins and U.S. government efforts to stem pandemic.
The contagion's rapid spread exposes a flaw in U.S. stock prices, and investors are running for cover.
Rise extends a rally as investors take cheer from strong corporate earnings and a drop in new virus cases in China.
Investors cheered by reports that the world's two biggest economies are ready to sign a "phase one" agreement.
A $150B fund headed by Ray Dalio, one of Wall Street's top China experts, is said to put money on a U.S. stock drop by March