coronavirus vaccines

Business

Asian stocks sink after Wall St hits record on stimulus hope

Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims. Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street’s benchmark S&P 500 index gained for a third day on optimism about progress in Washington toward a new

Business

EXPLAINER: Why the Dow topped 30,000 for the first time

Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time. The Dow rose 454.97 points, or 1.5%, to close at 30,046.24. Investors were encouraged by progress in the development of coronavirus vaccines and news that the transition of power to President-elect Joe Biden is finally

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