12:35 p.m. July 7, 2020
- By Joy Wiltermuth
Dow ends nearly 400 points lower, U.S. stocks swoon, on doubts of quick economic recovery Trump starts process for U.S. to quit World Health OrganizationU.S. stocks on Tuesday tumbled in the final hour of trade, ending a 5-day win streak for the S&P 500, as investors grew more wary of the economic, public-health and policy response to the coronavirus pandemic.
12:33 p.m. July 7, 2020
- By Sunny Oh
30-year Treasury yield marks biggest drop in 3 weeks as bond auction fetches record low yieldU.S. Treasury yields fall Tuesday after a bond auction fetches its lowest yield on record, highlighting the U.S. government’s ultralow borrowing costs as the economy recovers from the coronavirus crisis.
12:11 p.m. July 7, 2020
- By Jeffry Bartash
Federal Reserve leaders see ‘bumpier’ recovery, slower decline in unemployment Rash of new coronavirus cases imperils fragile economic recoverySenior Federal Reserve leaders say high unemployment is all but certain to persist until a treatment for the coronavirus is found and that the central bank might have to take more steps to help the labor market.