Financial

NewsWatch: Dow trades 9% lower and S&P 500 and Nasdaq tumble into bear market Thursday midday as Trump’s Oval Office speech fails to calm coronavirus fear

MARKETWATCH FRONT PAGE

U.S. stocks plunge Thursday, triggering circuit-breakers that temporarily halted trading for the second time in this week, as the S&P 500 index and Nasdaq Composite looked likely to join the Dow Jones Industrial Average in ending a record-setting, 11-year long bull market. See full story.

‘Symptomatic of the lack of policy coordination’: Here’s what Wall Street analysts are saying about Trump’s speech

The reviews on Wall Street to President Donald Trump’s primetime address on the response to the coronavirus were not kind. See full story.

‘Social distancing’ comes at a massive economic cost, but it’s now the only way to save millions of lives

Spreading out infections over a longer period of time would enable the health-care system to gain invaluable time to respond to the crisis. See full story.

These stocks are tumbling the most Thursday, with declines of up to 47%

Cruise-line and energy shares lead the drop during a big selloff. See full story.

Why April will be a ‘very cruel month for oil prices’

A spate of news hit the oil markets on Wednesday—from downgraded estimates on U.S. crude production and global demand, to plans by Saudi Arabia and the United Arab Emirates to boost output—giving traders a lot to chew on during an uncertain time in the market driven by COVID-19 concerns. See full story.

MARKETWATCH PERSONAL FINANCE

The rise in mortgage rates had nothing to do with markets and everything to do with lenders. See full story.

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