Dow drops 700 points, caps week with losses as virus cases surge Friday, 26 June 2020
Stocks slid Friday, as investors weighed the Fed's move to temporarily suspend shareholder payouts by big banks ahead of a potential recession.

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Dow drops more than 800 points [Video]

Dow drops more than 800 points

Wall Street's main indexes hit their lowest in nearly seven weeks Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:41Published
Wall St. rocked by historically high jobless claims [Video]

Wall St. rocked by historically high jobless claims

The Dow ended lower for the first time in five sessions amid a broad-based sell across Wall Street after data showed high levels of weekly jobless claims. Conway G. Gittens has more.

Credit: Reuters Studio    Duration: 02:02Published
Dow Drops 320 Points [Video]

Dow Drops 320 Points

On Thursday, US stocks fell 320 points. The drop comes even as weekly jobless-claims data came in better than expected. Business Insider reports that weekly jobless claims fell by more than 30,000 from the previous week, to 860,000. Tech stocks led the decline. Investors continued to process Federal Reserve Chairman Jerome Powell's comments expressing uncertainty about the economic recovery. Powell also said the Fed didn't expect to raise interest rates until at least 2023.

Credit: Wochit News    Duration: 00:43Published

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U.S. Household Wealth Rose Before the Pandemic, but Inequality Persisted

A Federal Reserve survey of family finances shows that inequality was high last year. It’s likely to worsen because of the pandemic.

Stocks Fall Despite Wall St Stimulus Hope; Dollar Dips

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Powell: Congress, Fed need to 'stay with' aid [Video]

Powell: Congress, Fed need to 'stay with' aid

In his second trip to Capitol Hill this week, Federal Reserve Chairman Jerome Powell told lawmakers that assistance from the Fed and Congress are needed to bolster the economic recovery.

Credit: Reuters Studio    Duration: 00:59Published

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Midday Market Update: Stock Losses Accelerate, Dow Loses 1,300 Points [Video]

Midday Market Update: Stock Losses Accelerate, Dow Loses 1,300 Points

Coronavirus cases are spiking.

Credit: The Street     Duration: 01:01Published

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