Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

Wall Street pulls back as dismal economic data piles higher


Last updated 4/30/2020 at 11:16am


AP Business Writer

Stocks are falling on Wall Street Thursday after more reports made clear the worldwide devastation the coronavirus outbreak is causing for the economy.

The dour figures helped drive most U.S. stocks to losses, and the S&P 500 was down 1.2% in afternoon trading. Treasury yields also sank, while European stocks fell more sharply, slamming the brakes on a strong rally that had circled the world a day earlier.

"This is the saddest day for the global economy we have ever seen" in the 50 years that economists at High Frequency Economics have been following economic da...

For access to this article please sign in or subscribe.


Reader Comments


Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020