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In a rebound from its record plunge, the Dow gained more than 1,000 points as the White House planned a massive stimulus package and the Fed set up a new loan program to boost the economy.
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The Dow tumbled nearly 13% after the Federal Reserve aggressively cut interest rates to near zero and as the nation imposed more restrictions in an effort to curb the spread of the coronavirus.
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Analysts like to say that the stock market is not the economy. But a bear market reflects concerns and anxieties about the economy, and at times a bear market is accompanied by a recession.
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The Dow Jones Industrial Average fell nearly 10% — its biggest one-day drop since 1987 — as the coronavirus pandemic continued to rattle markets. Trading was temporarily halted earlier in the day.
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Stock indexes rose nearly 5% after the market's worst day since 2008. The jump followed President Trump's call for a payroll tax cut and other steps to help the economy amid the coronavirus epidemic.
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Stock indexes tumbled so fast Monday that marketwide trading was halted temporarily for the first time since October 1997. The Dow Jones Industrial Average fell 2,013 points, or nearly 8%.
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The U.S. stock market ended its worst week since the financial crisis with the Dow Jones Industrial Average falling 12.4%. Fed Chairman Jerome Powell promises to support the economy as necessary.
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Stocks continued their downward slide on Thursday, with major indexes falling 10% below their recent peaks. Investors worry about the economic toll of a widening coronavirus epidemic.
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The S&P 500 has seen a nearly fivefold increase since the depths of the Great Recession. But some analysts say the bull market may have gone on too long, encouraging investors to take more risks.
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The U.S. stock market dropped 800 points in one day last August, leaving some fearing for a possible recession.Investors might see these as the normal ups…