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Dow Claws Back Huge Losses at Close as Trump & Fed Rumors Spook Bears

A massive recovery in the Dow Jones late on Friday helped lift the index to just a 350-point loss. A huge spike in trading volumes suggests a short covering lifted the U.S. stock market of an uncertain weekend. Trump is believed to be weighing tax cuts as part of his coronavirus stimulus package, and Wall…

Dow Cuts Losses as Recession Fears Drive U.S. Dollar to Two-Year Highs

The Dow and broader U.S. stock market trimmed their losses in late afternoon trading Thursday, as the dollar surged to its highest level in two years over global recession fears. Dow Cuts Losses; S&P 500, Nasdaq Hold Lower All of Wall Street’s major indexes ended in negative territory,  mirroring a tepid pre-market for Dow futures.…