A man walks by the Wall Street subway sign on March 23, 2020 in New York City.Angela Weiss | AFP | Getty ImagesU.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week while investors shook off rising tensions between Saudi Arabia and Russia.Dow Jones Industrial Average futures traded more than 200 points higher, or 1.2%. S&P 500 and Nasdaq 100 futures also climbed more than 1%.Last week, the major averages posted their third weekly decline in four. The Dow slid 2.7% while the S&P 500 lost 2.1%. The Nasdaq Composite closed last week down 1.7%. Stocks are also deep in bear-market territory as concerns over the coronavirus outbreak have virtually shut down the global economy and have dampened sentiment around corporate profits. ...
MADRID -- The global battle to contain the coronavirus reached a new level of urgency Monday, as governments locked down their borders, a new wave of closures and restrictions kept more than 500 million students at home, and pleas went out to funnel masks and ventilators to places struggling with soaring caseloads. The growing sense of crisis rocked global financial markets, particularly on Wall Street, where the Dow Jones Industrial Average plunged 12.9 percent. Investors' fears that the outbreak will throw the global economy into a recession sent the market to its worst one-day loss since 1987. The shifting fronts in the battle were made clear by figures showing that cases outside China — where the virus originated — surpassed those inside its borders for the first time. Spain officiall
Global markets are suffering.On Monday, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all fell sharply.Don't hit the panic button just yet. Within six months, stocks are usually on the mend from the fallout of disease outbreaks such as the coronavirus, say experts.These declines aren't the first caused by the respiratory illness that was initially reported in Wuhan, China, in late December, and has since infected more than 79,000 people. Economist Patrick Perret-Green said late last month that the outbreak threatened a "Lehman-type moment" but then stocks rebounded by early February."They recovered all of those losses – and then some," said Jeffrey Kleintop, chief global investment strategist at Charles Schwab.Kleintop compiled research recently on how long sto
A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California.Sam Hodgson | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:Dropbox — Shares of the data services company soared 13% during extended trading after the company announced strong fourth-quarter financial results. The company beat earnings expectations during the quarter by 3 cents per share and the $ 446 million in revenue exceeded the $ 443 million that analysts expected, according to Refinitiv. During the surge, shares briefly exceeded $ 21 per share, the price at which it sold shares in its initial public offering.Fitbit — Shares of the wearable health device company dropped 1% during extended trading after the co
Customers look at Apple's new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai.Alex Tai | SOPA Images | LightRocket | Getty ImagesTake a look at the companies making headlines after the bell.Apple – Apple stock rose 2.5% after it reported strong fourth-quarter results that beat analysts' estimates on the top and bottom line. The results were powered by iPhone revenue and Apple's service businesses like Apple TV+ and iCloud. The company reported earnings of $ 4.99 per share on revenue of $ 91.82 billion, while analysts expected earnings of $ 4.55 per share on revenue of $ 88.50 billion, according to Refinitiv.Starbucks – Shares of the coffee giant dropped more than 1% after the company announced the closures of all cafes and deliveries for l