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Northern Star

Northern Illinois University’s student media since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

Dow drops more than 1,000 as outbreak threatens the economy

By ALEX VEIGA and DAMIAN J. TROISE | February 24, 2020

The Dow Jones Industrial Average sank more than 1,000 points as the spread of the new coronavirus threatened wider damage to the global economy. The drop was the worst for the index in two years and wiped out its gains so far in 2020. Nervous investors...

Markets tank on concern about virus impact on world economy

By ELAINE KURTENBACH | February 24, 2020

BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook.The decline promises...

Asian shares take hit as new virus cases jump outside China

By ELAINE KURTENBACH | February 24, 2020

BANGKOK (AP) — Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street.South Korea's Kospi dropped 3% to 2,098.37, while the S&P ASX/200 in Sydnay lost 2.3%...

Stocks sink, Treasury prices soar as investors seek safety

By ALEX VEIGA | February 21, 2020

Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies.The yield on the 30-year Treasury reached a record low as investors sought the safety...

World markets slip on renewed fears over virus outbreak

By JOE McDONALD | February 21, 2020

BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak.Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt...

How major US stock indexes fared Thursday

By The Associated Press | February 20, 2020

Major stock indexes closed with modest losses Thursday after a wobbly day of trading on Wall Street that snapped a three-day streak of all-time highs for the S&P 500 and Nasdaq.

Investors turned cautious following news of a surge in cases of the new virus in China. The latest figures dashed hopes that the spread of the outbreak was peaking, which had helped lift stocks earlier in the week.

On Thursday:

The S&P 500 index dropped 5.51 points, or 0.2%, to 3,373.94.

The Dow Jones Industrial Average slid 128.11 points, or 0.4%, to 29,423.31.

The Nasdaq fell 13.99 points, or 0.1%, to 9,711.97.

The Russell 2000 index of smaller company stocks rose 4.36 points, or 0.3%, to 1,693.74.

For the week:

The S&P 500 is up 46.23 points, or 1.4%.

The Dow is up 320.80 points, or 1.1%.

The Nasdaq is up 191.46 points, or 2%.

The Russell 2000 is up 36.96 points, or 2.2%.

For the year:

The S&P 500 is up 143.16 points, or 4.4%.

The Dow is up 884.87 points, or 3.1%.

The Nasdaq is up 739.36 points, or 8.2%.

The Russell 2000 is up 25.27 points, or 1.5%.

WH report says economy accelerated under Trump

By JOSH BOAK | February 20, 2020

WASHINGTON (AP) — A new White House report says the U.S. economy is growing faster than expected, even though the annual gains of 3% that President Donald Trump promised to voters have yet to be achieved.The annual economic report of the president released...

Global stocks mostly slip as virus weighs on companies

By YURI KAGEYAMA | February 20, 2020

TOKYO (AP) — Global shares mostly dipped Thursday as several companies estimated that the outbreak of the new coronavirus in China will weigh on their earnings.France's CAC 40 edged down 0.2% to 6,099 and Germany's DAX fell 0.2% to 13,765. Britain's...

Asian stocks mixed after Wall Street rises to record

By YURI KAGEYAMA | February 19, 2020

TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, but worries persist about damage to the regional economy from the new virus that began in China.Japan's benchmark Nikkei 225 gained 0.3% to 23,474.78, shedding...

How major US stock indexes fared Wednesday

By The Associated Press | February 19, 2020

The S&P 500 returned to a record Wednesday, and technology stocks once again helped lead the market higher. Apple rallied to recover most of its loss from the prior day, triggered by a revenue warning due to the viral outbreak centered in China.Worries...

Global shares mostly rise but virus fears continue

By YURI KAGEYAMA | February 19, 2020

TOKYO (AP) — Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China.France's CAC 40 rose 0.6% to 6,093, while Germany's DAX gained 0.5% to 13,745. Britain's FTSE 100 gained...

Asian shares mostly rise despite continuing virus fears

By YURI KAGEYAMA | February 18, 2020

TOKYO (AP) — Asian shares mostly rose Wednesday, despite overnight losses on Wall Street and continuing fears about an outbreak of a new virus that began in China.The Nikkei 225 rose 1.1% in morning trading to 23,453.59 after data for January showed...