U.S. stocks fell, with the S&P 500 on track for its worst quarter since 2008 as investors debate whether the market meltdown has ended given the continued spread of the new coronavirus. Treasuries rose.
The price of one key U.S. oil grade is already the lowest in the modern era of the market, when adjusted for inflation.
Semiconductor companies are on track for their worst quarterly performance in years, but one name has stood in stark contrast to the industry-wide carnage, emerging as one of the biggest gainers in the overall market: Nvidia Corp.
Nobody knows just how severe the global hit to oil demand has been from the novel coronavirus, but the evidence from Europe’s hardest-hit nations are not good.
New York State reported more than 300 deaths from Covid-19 in the past day, pushing overall fatalities above 1,500 -- or roughly half of all U.S. deaths from the pandemic.
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