By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones is climbing despite news that China has approved a controversial national security law that will impact Hong Kong.
The number of unemployed continues to grow since the start of the coronavirus pandemic, approaching 40 million.
Here's everything moving the Dow today...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones popped 130 points as states set to reopen their economies over the next two weeks.
President Donald Trump said Tuesday that there will "be more death" due to COVID-19 but that the failure to reopen the economy could be even more catastrophic.
More COVID-19 coverage below. Here's everything moving the Dow today...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones may correct slightly today as oil prices rebound from their historic collapse to negative territory.
A round of earnings reports could also provide a little spark.
But the impact of coronavirus continues to weigh heavy on the U.S. economy.
Here’s everything moving the Dow Jones today.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones popped this morning on news that a drug from Gilead Sciences (NASDAQ: GILD) showed some effectiveness in treating patients with coronavirus.
Shares of the drug company surged 16% after the bell on a report from a Chicago hospital that showed progress from Remdesivir.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones is sliding today as the economic impact of the coronavirus is further realized. Bank of America (NYSE: BAC) has reported a 45% decline in Q1 profit.
On Tuesday, President Donald Trump announced that the U.S. will halt all funding to the World Health Organization as the White House completes its review of the outbreak.
More on what's moving the Dow today...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones Industrial Average remains volatile on the spread of coronavirus today.
Investors appear to be embracing the White House's approach to coronavirus containment after President Trump ordered social distancing measures stretch through April 30.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones Industrial Average ticked higher to start Wednesday after Congress agreed to a $2 trillion "war-time" stimulus package aimed at supporting the U.S. economy during the coronavirus crisis.
Read for more on the Senate's agreement with the White House...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones Industrial Average is getting a boost this morning with lawmakers ready to pass a relief measure in response to COVID-19.
Yesterday, the Senate failed for the second time to reach a deal. That pushed the Dow to multi-year lows.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones Industrial Average is sinking further after the Trump administration announced plans to inject roughly $1 trillion into the U.S. economy to help consumers.
The Dow is now off 28% from its record high. Should another 7% drop in the S&P 500 come this morning, it would trigger the first level of three circuit breakers.
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW - • Print | Email
Stocks closing on their lows is never a good sign, especially on record-breaking down days like today.
The Dow closed down almost 3,000-points – nearly a 13% loss in a single day. And the Dow closed almost on its lows. That's the same case for the S&P 500 and the Nasdaq Composite.
The Fed cutting the Fed Funds rate to 0% is not a good thing. It's basically a desperate move showing a lack of liquidity at big banks.
