wall street

Global Stocks Fall on Virus Worries, Wall St Volatility

A currency trader walks by the screens showing the Korea Composite Stock Price Index  (AP Photo/Lee Jin-man) BEIJING (AP) – Global stocks have fallen amid worries about rising coronavirus infections, Wall Street volatility, and U.S. economic aid plans. London and Frankfurt opened lower and Shanghai and Tokyo declined. Overnight, the S&P 500 closed 1% higher, recovering some of the previous…

Dow Jones Drops 7.8%, Worst Fall Since 2008

The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. The sharp drops triggered the first automatic halts in trading in two decades. The price of oil plunged nearly 25% after Saudi Arabia indicated it would…