Investors are beating down the bear as optimism returns to equities.
U.S. equity markets battled higher Wednesday morning after lawmakers struck a deal on a $2 trillion stimulus measure to provide aid to those most severely impacted by the COVID-19 pandemic.
U.S. equity markets slid Monday after the Federal Reserve announced "extensive new measures" to support the U.S. economy.
The Dow Jones Industrial Average climbed 134 points, or 0.7 percent, while the S&P 500 and Nasdaq Composite rose 1.01 percent and 1.6 percent, respectively.
Senate Intelligence Committee Chairman Richard Burr, R-N.C., may have cashed in before the stock market was in free fall due to the coronavirus outbreak, according to a new report.
Senate records show that Senate Intelligence Committee Chairman Richard Burrand his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February.
The Dow Jones Industrial Average rose 189 points, reversing a drop of 721 points, or 3.6 percent, shortly after the open. The S&P 500 also posted modest gains.
As the novel coronavirus global pandemic widens and worsens, the New York Stock Exchange is closing its iconic trading floor in Manhattan as well as two others and will move to fully electronic trading on Monday, March 23, its operator announced on Wednesday.
The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.
U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.
Stocks fell sharply on Wall Street Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
Critics of the high-end exercise equipment maker say the ad is sexist and classist.