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"Until the virus exhibits a decline in its trajectory and rolls over, 'normalcy' is likely to remain out of reach," said Oppenheimer's John Stoltzfus.
The Dow has spiked more than 21% in just three days, a stunning reversal triggered by the coronavirus aid bill.
The coronavirus is changing how big companies contribute to America’s safety nets — and that should give business leaders a chance to reth...
Andrew Kassoy, cofounder and CEO of B Lab, says the novel coronavirus is a chance for leaders to approach capitalism differently.
US weekly jobless claims spiked to a record 3.3 million as coronavirus triggers widespread unemployment — but stocks are up anyway.
"There is not anything fundamentally wrong with our economy," Powell said. "Quite the contrary. We are starting from a very strong position."
Job losses of more than 3 million in one week is "incredible," Ellen Zentner of Morgan Stanley told CNBC.
"Bottom line, this market has been utterly dangerous since February. But there are glimmers of hope," Thomas Lee of Fundstrat said Tuesday.
"The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be," said Kristalina Georgieva
Major stock gains since Trump won the election have been wiped out as coronavirus has quickly dismantled the record-length bull market
Morgan Stanley now thinks US GDP will shrink 30% next quarter as coronavirus pushes unemployment to historic highs
The extreme contraction will push the unemployment rate to an average 12.8%, one of the highest on record since the 1940s, according to Morgan Stanley.