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In this image taken from video provided by the New York Stock Exchange, Tommy Gannon, Assistant Supervisor, Facilities, rings the opening bell at the NYSE, and recognizes the Sodexo food services staff at Beth Israel Deaconess Medical Center in Boston, Tuesday, April 7, 2020, in New York. (New York Stock Exchange via AP)

Global stock rally zooms into Day 2 on hopes for virus peak

Apr. 7, 2020 1:27 PM EDT

NEW YORK (AP) — Stocks are climbing on Wall Street Tuesday as markets around the world pile on even more gains following their huge rally a day earlier. The S&P 500 was up 2.6% in early afternoon trading, tacking onto its 7% surge Monday following encouraging signs that the coronavirus pandemic may be...

Customers wear face masks as they line up to enter a supermarket keeping social distancing following the government's measures to help stop the spread of the coronavirus, in Tel Aviv, Israel, Tuesday, April 7, 2020. Israeli Prime Minister Benjamin Netanyahu announced Monday a complete lockdown over the upcoming Passover holiday to control the country's coronavirus outbreak, but offered citizens some hope by saying he expects to lift widespread restrictions after the week-long festival. (AP Photo/Oded Balilty)

Consumers get some breaks, but layoffs keep coming

Apr. 7, 2020 12:20 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ___________ CUSTOMERS FIRST: The pandemic is sapping trillions from the economy and the ramifications for...

A woman wearing a face mask walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Tuesday, April 7, 2020. Asian shares are rising, echoing the rally on Wall Street fueled by signs of hope that the coronavirus pandemic could be slowing.  (AP Photo/Kin Cheung)

Asian shares rise, echoing Wall St optimism on virus battle

Apr. 6, 2020 11:49 PM EDT

TOKYO (AP) — Asian shares rose Tuesday, echoing the rally on Wall Street, amid a few glimmers of hope that the coronavirus pandemic could be slowing. Japan's benchmark Nikkei 225 gained 1.3% to 18,808.53 while South Korea's Kospi gained 1.2% to 1,812.87. Hong Kong's Hang Seng added 0.7% to 23,907.52, while...

Closing prices for crude oil, gold and other commodities

Apr. 6, 2020 4:25 PM EDT

Benchmark crude oil fell $2.26 to settle at $26.08 a barrel Monday. Brent crude oil, the international standard, fell $1.06 to $33.05 a barrel. Wholesale gasoline rose 1 cent to 70 cents a gallon. Heating oil fell 2 cents to $1.05 a gallon. Natural gas rose 11 cents to $1.73 per 1,000 cubic feet. Gold rose...

A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index in Hong Kong Monday, April 6, 2020. Asian shares and U.S. futures have rebounded as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas.(AP Photo/Vincent Yu)

Shares rebound on glimmers of progress in battling virus

Apr. 5, 2020 11:58 PM EDT

BANGKOK (AP) — Asian shares and U.S. futures rebounded on Monday as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas. Markets in Tokyo, Seoul and Sydney gained more than 2% in early trading and Hong Kong was up nearly...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York. Global stocks are down, Friday, April 3, after the U.S. government said employers cut 701,000 jobs in March as they shut down or sharply curtailed business due to the coronavirus outbreak. (AP Photo/Mary Altaffer, File)

Stocks drop as coronavirus crunches the job market, economy

Apr. 3, 2020 4:41 PM EDT

NEW YORK (AP) — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. Stocks initially held steady after the government said...

Closing prices for crude oil, gold and other commodities

Apr. 3, 2020 4:19 PM EDT

Benchmark crude oil rose $3.02 to settle at $28.34 a barrel Friday. Brent crude oil, the international standard, rose $4.17 to $34.11 a barrel. Wholesale gasoline rose 3 cents to 69 cents a gallon. Heating oil rose 7 cents to $1.07 a gallon. Natural gas rose 7 cents to $1.62 per 1,000 cubic feet. Gold rose $8 to...

In this photo taken from video provided by the New York Stock Exchange, Robert Glorioso, Chief, Building Engineering Operations, rings the opening bell at the NYSE, Thursday, April 2, 2020. Stocks are wavering between small gains and losses early Thursday after a report showed a record number of Americans lost their jobs last week due to the coronavirus outbreak. (New York Stock Exchange via AP)

Asian stocks mixed after Wall Street rises on pricier oil

Apr. 2, 2020 11:53 PM EDT

BEIJING (AP) — Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last. Tokyo and Seoul rose while Shanghai, Hong Kong and Sydney...

FILE - In this Dec. 11, 2019, file photo, Saudi Arabia's state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia. Saudi Arabia's oil company Aramco said Wednesday, march 11, 2020, it will increase production capacity to 13 million barrels per day, up from 12 million per day, part of a strategy to dominate market share amid a slowdown in demand due to the outbreak of a new virus. (AP Photo/Amr Nabil, File)

Trump says he expects Russia, Saudis to cut oil production

Apr. 2, 2020 5:12 PM EDT

DUBAI (AP) — President Donald Trump said Thursday that he expects Saudi Arabia and Russia will dramatically cut production and end an oil war that sent energy prices to record lows. But the Kremlin disputed part of his tweet, leading to skepticism that a deal was imminent. A global glut in production,...

Closing prices for crude oil, gold and other commodities

Apr. 2, 2020 3:43 PM EDT

Benchmark crude oil rose $5.01 to settle at $25.32 a barrel Thursday. Brent crude oil, the international standard, rose $5.20 to $29.94 a barrel. Wholesale gasoline rose 12 cents to 66 cents a gallon. Heating oil rose 6 cents to $1 a gallon. Natural gas fell 4 cents to $1.55 per 1,000 cubic feet. Gold rose...