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In the midst of a pandemic that has strained all levels of government, the stock markets are doing really, really well — and that's helping the state's various pension plans.
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The Dow plummeted more than 1,300 points after President Trump announced new emergency steps. The New York Stock Exchange said that to protect its employees, it will close its trading floor Monday.
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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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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 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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U.S. stocks fell sharply Monday as investors worried about a growing number of coronavirus infections outside China, and possible fallout for the global economy.
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U.S. stock markets plunged on the news, with the Dow Jones Industrial Average falling by more than 600 points, or 2.4%, for the day.
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The Dow Jones Industrial Average and other major stock indexes plunged Tuesday after Trump administration officials accused Beijing of reneging on commitments it had already made in the talks.