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Wall Street stands empty as people stay away from the area due to the coronavirus on March 24, 2020 in New York City.

Goldman Sachs: The stock market’s biggest driver will plunge 123% in a brutal 2nd quarter

Declines across the energy, consumer discretionary, and industrial sectors will most-significantly weigh on the broad index, Goldman said.

Dow climbs 470 points as oil spikes more than 20%, outweighing record US unemployment filings

Oil surged as much as 35% on Thursday, leading a sharp rally in energy stocks that lifted the entire market.
Citi's North American markets division started to test-drive WFH capabilities for traders the first week of March, sources familiar with the preparations told Business Insider.

From Bloomberg terminals to Zoom, traders at Wall Street’s biggest firms are building massive work-from-home setups to get an edge. We spoke to ...

Banks like Citi, Goldman, and JPMorgan have moved traders to remote work. Sources say technical challenges include replicating turret phones at home.

The Fed is powerless to stop the market’s riskiest debt from getting downgraded and defaulting, Goldman says

The bank's baseline scenario sees the 12-month trailing default rate jumping to 13% through 2020 and $555 billion in bonds downgraded to junk status.

These 3 kinds of stocks will be ripe for the picking in the second half of 2020, UBS says

Largely indiscriminate selling through March leaves firms with "still-solid fundamentals" poised for major gains in a bullish rally, the bank said.

Dow plunges 974 points after Trump warns of ‘painful’ times to come and a ‘shocking’ coronavirus death toll

Investors were rattled by Trump telling Americans to brace for a "very, very painful two weeks" during an address on Tuesday.
A view of a mostly empty Western Avenue near Pike Place Market during the coronavirus disease (COVID-19) outbreak in Seattle, Washington, U.S. March 31, 2020.

JPMorgan: The best possible outcome for a quick market recovery is shaping up as signs emerge globally

Markets with "direct policy backstops" stand to rebound fastest, but those with a more U-shaped trend still present value to investors, JPMorgan said.

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."

Billionaire bond king Jeffrey Gundlach says coronavirus-fuelled market sell-off will worsen in April

"I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach said.
People stand under a sign of Swiss banking giant UBS at their headquarters on May 8, 2019 in Zurich.

UBS outlines an ‘enormous opportunity’ to buy up high-quality stocks and bonds following a sharp sell-off in recent weeks

Recent weeks saw equities across all S&P quality rankings tumble, and investors should "own high-quality names" when the virus threat fades, UBS said.