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FILE - This photo provided by the New York Stock Exchange shows the unoccupied NYSE trading floor, closed temporarily for the first time in 228 years as a result of coronavirus concerns, Tuesday March 24, 2020. Global stocks and U.S. futures declined Thursday after the U.S. Senate approved a proposed $2.2 trillion virus aid package following a delay over its details and sent the measure to the House of Representatives. (Kearney Ferguson/NYSE via AP, File)

The Latest: Caterpillar, Deere profits to feel virus impact

Mar. 26, 2020 1:34 PM EDT

NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 1:15 p.m. Agricultural and heavy equipment makers are in for a rough year as the virus pandemic delivers a sting to an industry trying to recover form a trade war. Jefferies analyst Stephen Volkmann slashed his earnings...

A woman wearing a protective face mask walks by the investment icon bull statue on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)

Asian stocks steady after plunge on virus, oil crash

Mar. 10, 2020 2:42 AM EDT

BEIJING (AP) — Asian stock markets rebounded Tuesday from record-setting declines after U.S. futures rose following President Donald Trump's announcement he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. Oil prices also recovered some of their...

Empty chairs and tables are lined up outside a restaurant in St. Mark's Square in Venice, Italy, Monday, March 9, 2020. Italy took a page from China’s playbook Sunday, attempting to lock down 16 million people — more than a quarter of its population — for nearly a month to halt the relentless march of the new coronavirus across Europe. Italian Premier Giuseppe Conte signed a quarantine decree early Sunday for the country’s prosperous north. Areas under lockdown include Milan, Italy’s financial hub and the main city in Lombardy, and Venice, the main city in the neighboring Veneto region. (Anteo Marinoni/LaPresse via AP)

Wall Street circuit breakers trip; markets, crude plunge

Mar. 9, 2020 9:42 PM EDT

NEW YORK (AP) — U.S. companies buffeted by supply chain chaos and a growing awareness of the scope of a viral outbreak are facing new threats to begin the week. The price of U.S. crude fell as much as 34% to $27.34 a barrel, the lowest price since early 2016, as an oil war between Saudi Arabia and Russia...

Specialist Erica Fredrickson works on the floor of the New York Stock Exchange, Monday, March 9, 2020. The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. (AP Photo/Richard Drew)

AP Analysis: Investors 'guessing' on virus, assuming worst

Mar. 9, 2020 7:17 PM EDT

WASHINGTON (AP) — No one knows where the coronavirus will show up next, whether authorities can contain it or how much damage it will leave behind. But professional investors aren't taking any chances. Spooked by uncertainty over the outbreak and an ill-timed oil war between Russia and Saudi Arabia,...

A trader studies his screens as he prepares for the day's activities on the floor of the New York Stock Exchange, Friday, March 6, 2020. (AP Photo/Richard Drew)

Roller-coaster week ends with bond yields, stocks sinking

Mar. 6, 2020 7:11 PM EST

NEW YORK (AP) — A dizzying, brutal week of trading dropped one last round of harrowing swings on investors Friday. After skidding sharply through the day as fear pounded markets, steep drops for stocks and bond yields suddenly eased up in the last hour. By the end of trading, the S&P 500 had more than...

A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Friday, March 6, 2020. Asian shares are falling as fears about the virus outbreak once again dominate financial markets. (AP Photo/Kin Cheung)

Asian shares drop as virus fears grip markets again

Mar. 5, 2020 11:12 PM EST

TOKYO (AP) — Asian shares slipped Friday as fears about the virus outbreak once again dominated financial markets. Japan's benchmark Nikkei dived 3.1% to 20,663.32. Australia's S&P/ASX 200 lost 2.1% to 6,259.20. South Korea's Kospi dropped 2.3% to 2,037.08. Hong Kong's Hang Seng declined 2.1% to...

A currency trader wearing a face mask watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 5, 2020. Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its effects on the economy.(AP Photo/Ahn Young-joon)

Asian shares rise following stimulus-led surge on Wall St

Mar. 4, 2020 11:39 PM EST

TOKYO (AP) — Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its economic impact. Japan's benchmark Nikkei 225 rose 0.8% to 21,262.49. Australia's S&P/ASX 200 added 1% to 6,390.60....

World stocks mixed after Wall Street sinks despite rate cut

Mar. 4, 2020 4:27 AM EST

BEIJING (AP) — Global stock markets were mixed Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears the virus outbreak might stunt global economic activity. London opened lower while Germany advanced. Shanghai gained, Sydney and Hong Kong declined and Tokyo was...

A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)

Tokyo falls back, other Asian markets track Wall St gains

Mar. 3, 2020 12:14 AM EST

TOKYO (AP) — Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo's benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment. Traders were awaiting talks between central bankers and other financial leaders of the Group of Seven industrial...

Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)

Wall Street has worst week since 2008 as S&P 500 drops 11.5%

Feb. 28, 2020 6:19 PM EST

Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average fell 3,583 points,...