When it comes to how to best help your 401(k) or other retirement funds recover from coronavirus market rout, you may want to take a cue from what successful investors did back in 2008 and 2009. Here's what those investors did, and how quickly their balances recovered.
Stock markets soared on Tuesday, with a gauge of global equities posting its biggest gain since the coronavirus roiled financial markets a month ago, as the U.S. Congress zoned in on a $2 trillion stimulus package to curb the pandemic's economic toll.
Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the first drop in China sales in nearly six years due to the coronavirus-fueled shutdowns.
As the House and Senate hash out coronavirus relief bills, one measure pops up in both proposals: Waiving required minimum distributions for workplace retirement plans and IRAs.
The Dow soared on Tuesday to its biggest one-day percentage gain since 1933, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.
The dollar gave up most of its early losses on Tuesday as investors waited on a Senate stimulus bill meant to blunt the economic impact of the spreading coronavirus, and after U.S. President Donald Trump pressed his case for a re-opening of the U.S. economy by mid-April.
Boeing Co's chief financial officer said on Tuesday the U.S. aerospace industry urgently needs credit to cope with the coronavirus pandemic but "markets essentially are closed" to new debt.
President Donald Trump said on Tuesday that he would not let airplane maker Boeing Co go out of business as a result of the economic disruption caused by the coronavirus outbreak.
Oil and gas lease sales offered by the Trump administration in three Western states on Tuesday drew few bids as a crash in energy prices tamped down interest among drillers.
Apple Inc could start re-opening some of its retail stores in the first half of April, Bloomberg reported on Tuesday, citing an internal memo.
Walmart de Mexico said on Tuesday that its chief financial officer Olga Gonzalez has resigned for personal reasons and will leave her post by April 30.
U.S. President Donald Trump on Tuesday said he wants the U.S. economy to reopen by Easter Sunday, April 12, despite the rapid spread of the novel coronavirus in some U.S. states and a rising death toll from the disease.
By Gertrude Chavez-Dreyfuss, Kate Duguid and Abhinav Ramnarayan
Nike Inc beat estimates for quarterly revenue on Tuesday as strong digital demand offset the first China sales drop in nearly six years from the coronavirus-fueled shutdowns, but the company held back from providing a forecast due to the outbreak.
Two more New York Stock Exchange floor traders tested positive for the coronavirus on Tuesday despite strict measures taken to prevent people infected by the virus from entering the exchange while it remained open last week, according to a memo seen by Reuters.