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Articles written by Stan Choe & Damian J. Troise


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  • Wall Street steadies itself following record-breaking economic reports

    STAN CHOE and DAMIAN J. TROISE, Associated Press Business Writers|Updated Oct 29, 2020

    Oct 29, 2020 10:20 AM NEW YORK (AP) - The Department of Commerce announced Oct. 29 that U.S. economic output in the third quarter grew by 33.1 percent, the largest expansion on record, after falling by 31.4 percent in the second quarter, the largest shrinkage on record. In a release detailing the agency's "advance" estimate for third-quarter gross domestic product (GDP), the Commerce Department noted, as is standard practice, that the number is subject to a follow-up...

  • Outside of buildings on Wall Street

    Stocks jump on stimulus hopes, Trump's hospital departure

    Stan Choe and Damian J. Troise, AP Business Writers|Updated Oct 8, 2020

    NEW YORK – Wall Street rallied Monday, Oct. 5, as hopes for economic aid from Washington helped it recover all its knee-jerk losses after learning President Donald Trump tested positive for the coronavirus. The S&P 500 jumped 60.19 points, or 1.8%, to 3,408.63 amid widespread gains, with nine out of 10 stocks in the index rising. Energy producers and tech companies led the way. Treasury yields, stocks overseas and oil all climbed after Trump and House Speaker Nancy Pelosi b...

  • Stocks jump on stimulus hopes, Trump's hospital departure

    STAN CHOE and DAMIAN J. TROISE, AP Business Writers|Updated Oct 8, 2020

    Oct 05, 2020 2:40 PM NEW YORK (AP) — Wall Street rallied Monday as hopes for economic aid from Washington helped it recover all its knee-jerk losses after learning President Donald Trump tested positive for the coronavirus. The S&P 500 jumped 60.19 points, or 1.8%, to 3,408.63 amid widespread gains, with nine out of 10 stocks in the index rising. Energy producers and tech companies led the way. Treasury yields, stocks overseas and oil all climbed after Trump and House S...