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2:11 p.m. Oct. 6, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 210,000 as doctors say Trump’s comments on COVID-19 are sending the wrong message Experts were hoping Trump’s brush with COVID-19 would lead to greater focus on public health measures, including face masksThe U.S. death toll from the coronavirus pandemic climbed above 210,000 on Tuesday, as doctors and health experts lamented President Donald Trump’s latest comments on COVID-19, with many fearing they are sending the wrong message to the American public.
1:16 p.m. Sept. 16, 2020 - By Joy Wiltermuth
Stocks end mostly lower after Fed holds interest rates steady near zero, but underscores risks to economic recovery Powell says economic scars of unemployment, foreclosures and evictions a risk without additional fiscal stimulus from CongressU.S. benchmark stock index closed mostly lower Wednesday, after the Federal Reserve said it would likely hold interest rates near zero until at least 2023 given the outlook for inflation and employment in the wake of the coronavirus pandemic, but also indicated risks to the economy remain.
12:32 p.m. Sept. 15, 2020 - By Sunny Oh
Dow erases early climb, S&P 500 notches third straight gain as tech stocks extend rebound from last week’s rout Federal Reserve begins 2-day policy meetingU.S. stocks finishes mostly higher on Tuesday as the blue-chip Dow shed early gains ahead of a policy update by the Federal Reserve
12:49 p.m. Aug. 31, 2020 - By Joy Wiltermuth
Dow, S&P 500 end lower, but book best August in 36 years. Nasdaq clinches another record Amazon wins FAA approval for drone deliveryU.S. stocks closed mostly lower on Monday, except for the record-setting Nasdaq Composite, as Wall Street closed out a historically strong August.
8:12 p.m. July 29, 2020 - By Marketwatch
Asian markets mixed as Fed keeps interest rates unchanged Nikkei about flat, while stocks gain in Hong KongAsian markets gained early Thursday, after the U.S. Federal Reserve left interest rates unchanged, as expected, and the CEOs of big tech companies emerged from a House antitrust hearing relatively unscathed.
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.
12:35 p.m. June 25, 2020 - By Mark DeCambre
Dow logs a 300-point gain as banks rally ahead of stress-test results, but rise in coronavirus cases remains a worry Investors weight slight improvement in economic data and loosening of financial regulation against rising daily rate of coronavirus cases U.S. stocks closed solidly higher Thursday, recovering a chunk of Wednesday’s ugly loss, ahead of a key update of the banking sector from the Federal Reserve.
2:40 p.m. June 17, 2020 - By Joy Wiltermuth
Dow ends 170 points lower, snaps 3 days of gains, as coronavirus concerns drag indexes lower Coronvirus cases rise in at least 9 U.S. states, while Fed’s Powell tells Congress unemployment benefits should be extendedU.S. stocks slumped in the final hour of trade Wednesday to end three days of gains, as investors monitored signs of a revival of the coronavirus pandemic in some U.S. states and China, while still hoping for a quick economic recovery as business activity resumes.
12:59 p.m. June 15, 2020 - By Joy Wiltermuth
Dow closes 158 points higher after Fed further eases path for big corporations to borrow during pandemic Raytheon is Dow’s biggest gainer; ViacomCBS leads S&P 500 higherU.S. stock benchmarks closed higher Monday, staging a major comeback in afternoon trade, after the Federal Reserve announced further steps to keep big businesses flush with credit during the pandemic, amid signs of a resurgence of the deadly COVID-19 pandemic in parts of the world.
7:43 a.m. June 11, 2020 - By Barbara Kollmeyer
Bank of America’s top equity strategist is looking for these signals to get more bullish on stocks Critical information for the U.S. trading dayHead of U.S. equity and quantitative strategy at Bank of America, Savita Subramanian, says millennial spending is really going to be important for investors going forward.
10:51 a.m. May 21, 2020 - By Ciara Linnane
Coronavirus update: Global case tally passes 5 million; U.S. scientist says don’t rely on a vaccine, job losses continue Macy’s issues a sales warning for the first quarter, but Best Buy profit and sale fall less than expected and BJ’s beats estimatesThe global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.
10:04 a.m. May 7, 2020 - By Ciara Linnane
U.S. FDA cuts the number of China mask makers approved for N95 masks: reportThe U.S. Food and Drug Administration has cut the number of mask makers in China that are approved to make N95-type masks for U.S. health-care workers to 14 from 80, citing an interview with an unnamed FDA official. The move comes after state officials and the regulator found many imported N95 masks did not meet U.S. standards. In some cases, tests found 60% of 67 different kinds of imported masks allowed in more tiny particles in at least one sample than the U.S. standards allow. One Chinese company's masks filtered out only 24% to 35% of particles, below the 95% threshold that gives the masks their name. Today's move reverses a decision made on April 3 that approved all 80 manufacturers. Separately, the FDA to companies for making "bogus COVID-19 claims" including one to a seller of "fraudulent chlorine dioxide products, equivalent to industrial bleach, frequently referred to as "Miracle Mineral Solution" or "MMS", as a treatment for COVID-19." The and the have also been cracking down on false claims regarding products relating to the virus.
10:34 a.m. May 5, 2020 - By Ciara Linnane
Coronavirus update: Death tally tops 250,000; reports say internal projections show government expects surge in COVID-19 cases Starbucks expects to open 85% of U.S. stores this week and L Brand scraps Victoria’s Secret stake saleThe number of deaths from COVID-19, the illness caused by the novel coronavirus, rose above 250,000 on Tuesday, amid news reports that internal projections used by White House officials were forecasting a jump in U.S. cases to come, even as President Donald Trump urges states to reopen.
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