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Dow slumps 800 points after Trump warns of ‘painful’ times to come and a ‘shocking’ coronavirus death toll
Trump told Americans to brace for a "very, very painful two weeks," adding, "this is going to be three weeks like we've never seen before."
Fears of a widespread coronavirus-led economic slowdown have taken a massive bite out of stock prices over the past six weeks.
Major banks have slashed GDP forecasts as spiking unemployment and mounting virus cases punts an economic recovery further into 2020.
US stocks extended gains from a rally last week as Johnson & Johnson and Abbott Labs served as bright spots for investors.
Dow gains 200 points after President Trump extends coronavirus social distancing measures through April
The gains came after choppy premarket trading as markets weighed a slew of news on the coronavirus pandemic.
The Dow had spiked by 21% in just three days, reentering a bull market weeks after its 11-year bull run ended.
The Dow has spiked more than 21% in just three days, a stunning reversal triggered by the coronavirus aid bill.
US weekly jobless claims spiked to a record 3.3 million as coronavirus triggers widespread unemployment — but stocks are up anyway.
The Senate moved toward a final vote as trading concluded on Wednesday. The package they're weighing would be the biggest in US history.
The White House and the Senate reached an agreement overnight on a long-awaited $2 trillion relief package.