Rhodes Family Blog

Stock market live Monday: Dow sinks 580 points, virus bill stalls in Senate, Tepper ‘nibbles’ PUBLISHED MON, MAR 23 2020 7:15 AM EDT UPDATED MON, MAR 23 2020 4:47 PM EDT Maggie Fitzgerald @MKMFITZGERALD Pippa Stevens @PIPPASTEVENS13 Yun Li @YUNLI626 It was another tumultuous day on Wall Street. Here’s what happened: Dow Jones Industrial Average tumbles 582 points The  Dow  dropped 582.05 points, or 3.04%, to close at 18,591.93. The  S&P 500  slid 2.93% to 2,237.40. The  Nasdaq Composite  pulled back 0.27% to 6,860.67. Stocks fell as Senate lawmakers failed to push through a massive fiscal stimulus package through a key procedural hurdle. 4:30 pm: Dow on track to post its worst month since 1931 With the bear market picking up steam with Monday’s 3% slide, the Dow is nearing the completion of its worst month of trading since 1931. The blue-chip index, down 26.8% for the month of March, is on pace to no

Stock market live Friday: Dow down 900, worst week in 11 years, oil craters PUBLISHED FRI, MAR 20 2020 7:17 AM EDT UPDATED FRI, MAR 20 2020 4:50 PM EDT Michael Sheetz @THESHEETZTWEETZ Yun Li @YUNLI626 Maggie Fitzgerald @MKMFITZGERALD Pippa Stevens @PIPPASTEVENS13 WATCH NOW VIDEO 06:06 Trillion dollars of stimulus ‘far too small,’ says Citi’s David Bailin It was one of the wildest weeks on Wall Street ever and the worst stock performance since the financial crisis. Here’s what happened: 4:40 pm: Former White House economic advisor Gary Cohn says US needs to help workers Gary Cohn, the former White House economic advisor and Goldman Sachs executive, told CNBC that the U.S. needs to quickly come to the aid of its labor force: “We need to bailout American workers right now.” Cohn said the U.S. is “in recession,” adding that “we’ve got a big issue on our hands.” -  Sheetz 4:34