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Wall Street | February 27, 2020

Wall Street’s main indexes tumbled nearly 2% on Thursday and confirmed a correction that began last week, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings. At session lows, the S&P 500 and Nasdaq were down more than 10% from their intraday record highs hit on Feb. 19, while the Dow Jones Industrials was 10% off its Feb. 12 peak. The indexes were set for their steepest weekly pullback since the global financia...

Investing.Com | March 09, 2020

Gold prices hit their highest levels in eight years on Monday on a fresh wave of panicked flight-to-safety trades across the world that also drove U.S. and European government bond yields to historic lows. However, after briefly breaking through the $1,700 level, they retreated later in the day as U.S. stock markets regained a degree of composure. By 11:35 AM ET (1535 GMT), gold futures for delivery on the Comex exchange were at $1,673.00 a troy ounce, up less than 0.1% on the day. Spot gold was...

Investing.com | April 23, 2020

U.S. stocks are set to edge lower Thursday, with investors wary ahead of key unemployment data and amid tensions over the early reopening of some states still gripped by the coronavirus pandemic. At 07:10 AM ET (1110 GMT), S&P 500 futures and Nasdaq futures were both essentially flat. The Dow futures contract fell 33 points, or 0.1%. The main focus Thursday will be on the weekly initial jobless claims, at 8:30 AM ET (1230 GMT), which is widely seen as the best gauge of the econ...

U.S. Securities and Exchange Commission (SEC) | March 04, 2020

The U.S. Securities and Exchange Commission (SEC) said on Wednesday that it would give companies affected by coronavirus more time to file certain disclosures. The watchdog said companies affected by the outbreak of the flu-like respiratory disease now have an additional 45 days to file certain disclosures, including quarterly reports. U.S.-listed companies seeking such a delay must explain why the relief is needed, the agency said. It would also consider providing additional extensions for any ...