Financial markets

This photo provided by the New York Stock Exchange shows trader Patrick Casey, left, and specialist Peter Mazza as they work on the trading floor on Friday, March 20, 2020. Stocks turned lower Friday after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the new coronavirus. (Nicole Pereira/NYSE via AP)
March 20, 2020 - 4:13 pm
Wall Street ended the week the same way it began: in full retreat from the coronavirus. Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation’s economy in the hope of limiting the spread of the outbreak. The...
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A Nepalese Muslim man wearing face mask as a precaution against COVID-19 offers Friday prayers at Jame mosque in Kathmandu, Nepal, Friday, March 20, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Niranjan Shrestha)
March 20, 2020 - 11:20 am
The death toll from the global pandemic surpassed 10,000 people worldwide and the effects of a global economy grinding to a halt because of the pandemic were beginning to show, from millions of unsold flowers rotting in piles in Kenya to the slow emptying of the world’s skies. In Southern Europe,...
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This photo provided by the New York Stock Exchange, Thursday, March 19, 2020, shows trader Gregory Rowe, center, as he works on the trading floor. Stocks are see-sawing between gains and losses in midday trading on Wall Street Thursday, but the moves are more subdued than the wild jabs that have dominated recent weeks. (NYSE Photo by Alyssa Ringler via AP)
March 19, 2020 - 10:48 pm
BEIJING (AP) — Asian stock markets were mostly higher Friday after modest Wall Street gains on hopes government and central bank action can shield the world economy from a looming global recession caused by the coronavirus pandemic. Benchmarks in Shanghai, Hong Kong, Australia and Southeast Asia...
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A sign notifying the availability of pasta in the wake of the coronavirus outbreak, outside Warwick Way Food & Wine in Victoria, London, Thursday March 19, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Yui Mok/PA via AP)
The Associated Press
March 19, 2020 - 4:31 pm
It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday...
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Senate Majority Leader Mitch McConnell, R-Ky., walks to the chamber as lawmakers negotiate on the emergency coronavirus response legislation, at the Capitol in Washington, Wednesday, March 18, 2020. (AP Photo/J. Scott Applewhite)
The Associated Press
March 18, 2020 - 10:46 pm
WASHINGTON (AP) — By a sweeping bipartisan tally, the Senate on Wednesday approved a $100 billion-plus bill to boost testing for the coronavirus and guarantee paid sick leave for millions of workers hit by it — and President Donald Trump quickly signed it. But lawmakers and the White House had...
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A trader holds his hand to his head after trading was halted at the New York Stock Exchange, Wednesday, March 18, 2020, in New York. (AP Photo/Mark Lennihan)
March 18, 2020 - 9:54 pm
BANGKOK (AP) — Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, Sydney, Hong Kong and Seoul in early trading Thursday. Investors are in search of cash as fears of a prolonged coronavirus-induced recession...
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Traders at the New York Stock Exchange work as the market closes, Wednesday, March 18, 2020 in New York. (AP Photo/Mark Lennihan)
March 18, 2020 - 9:20 pm
NEW YORK (AP) — The Latest on action in the financial markets (all times local): 10:20 p.m. Shares in Asia have fallen, with Japan's benchmark failing to hold onto early gains as investors scrounged for cash amid recession fears. Tokyo's Nikkei 225 fell 0.2% to 16,691.45 while the Kospi in South...
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Unionized hospitality workers wait in line in a basement garage to apply for unemployment benefits at the Hospitality Training Academy Friday, March 13, 2020, in Los Angeles. Fearing a widespread health crisis, Californians moved broadly Friday to get in front of the spread of the coronavirus, shuttering schools that educate hundreds of thousands of students, urging the faithful to watch religious services online and postponing or scratching just about any event that could attract a big crowd. (AP Photo/Marcio Jose Sanchez)
March 18, 2020 - 8:37 pm
JEFFERSON CITY, Mo. (AP) — In Ohio, more than 48,000 people applied for jobless benefits during the first two days of this week. The tally during the same period the prior week: just 1,825. In neighboring Pennsylvania, about 70,000 people sought unemployment aid in a single day — six times the...
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A recently landed Delta Air Lines plane is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)
March 18, 2020 - 6:19 pm
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world...
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In this photo released by the official website of the Office of the Iranian Presidency, cabinet members wearing face masks and gloves attend their meeting in Tehran, Iran, Wednesday, March 18, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Office of the Iranian Presidency via AP)
March 18, 2020 - 3:05 pm
TEHRAN (AP) — Iran on Wednesday reported its single biggest jump in fatalities from the coronavirus as another 147 people died, raising the country's overall death toll to 1,135. The nearly 15% spike in deaths — amid a total of 17,361 confirmed cases in Iran — marks the biggest 24-hour rise in...
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