New York Stock Exchange to close trading floors, fully move to electronic trading

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.

U.S. now in recession expected to last until September, UCLA forecasts

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.

Stocks slide after Fed rate cut fails to stem market's dread as coronavirus spreads

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.

Virus outbreak: Stocks fall sharply on Wall Street; Dow Jones sinks 3.8%

The virus outbreak has been shutting down industrial centers, emptying shops and severely crimping travel all over the world. More companies are warning investors that their finances will take a hit because of disruptions to supply chains and sales

Dow sinks nearly 1,200 points in record drop as coronavirus worries spread

The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.

Dow closes above 29,000 for the first time

The Dow Jones Industrial Average closed above 29,000 points for the first time, just two months after its first close above 28,000.

President Trump dismisses worries of recession, says economy is strong

President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week's steep drop in the financial markets.