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Business

Another late reversal upends Wall Street, this time higher

Wall Street rallied back from a sharp morning drop on Thursday, led by a resurgence for some of the year’s most beaten-down stocks. The S&P 500 climbed 1.2% in another scattershot day of trading, with many stocks flipping from the bottom of the leaderboard to the top following a few ...

Stocks drop again on worries of a slow economic recovery

Wall Street’s earlier bets that the economy can make a relatively quick rebound from the coronavirus pandemic suddenly don’t look so good. The S&P 500 fell 1.7% Wednesday for its second straight loss, with the biggest hits targeting companies that most need a healthy economy for their ...

Wall Street drops after reopening worries lead to late slide at market

Worries about the downside of reopening the economy too soon are weighing on markets, and Wall Street fell Tuesday to its biggest loss since the start of the month. The S&P 500 dropped 2.1% after spending much of the day drifting between small gains and losses, as investors debate ...

Why prospect of deflation could pose a threat to US economy

WASHINGTON (AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices. And excluding the normally volatile categories of food ...

Tech stocks keep rallying, help keep Wall Street steady

Wall Street was split on Monday, as continued gains for technology and health care stocks helped cover up for more prevalent losses elsewhere. The S&P 500 ended the day at a virtual standstill, up just 0.52 points at 2,930.32, despite a lot of movement going on underneath. It rallied ...

Risk of reopening US economy too fast: A W-shaped recovery

When the coronavirus erupted in the United States, it triggered quarantines, travel curbs and business shutdowns. Many economists predicted a V-shaped journey for the economy: A sharp drop, then a quick bounce-back as the virus faded and the economy regained health. Others envisioned a ...

Shanghai Disneyland reopens with several anti-virus controls

SHANGHAI (AP) — Visitors in face masks streamed into Shanghai Disneyland as the theme park reopened Monday in a high-profile step toward reviving tourism that was shut down by the coronavirus pandemic. The House of Mouse’s experience in Shanghai, the first of its parks to reopen, ...

Stocks rise on hopes that awful jobs report marks the bottom

Wall Street doubled down on its bet that the worst of the recession has passed, sending stocks higher again on Friday despite another historic, crushing report on the job market. Stocks around the world were already rising before the U.S. government gave its monthly report on jobs, in part ...

White House to direct supply of COVID drug amid access fears

WASHINGTON (AP) — Trying to head off another chaotic scramble for scarce supplies, the White House said Friday it will step in to help coordinate distribution of the first drug that appears to help some COVID-19 patients recover faster. Press Secretary Kayleigh McEnany told reporters that ...