financial

Even the oil market turned higher.

BofA, Citi and Goldman each said Wednesday that quarterly profit dropped more than 40%.

Markets have been stuck cycling between fear and budding optimism in recent weeks.

The House passed the bill Friday afternoon.

Markets are likely to remain extremely volatile as long as the coronavirus outbreak accelerates.

The S&P 500 lost 5.2%.

The U.S. airlines have asked the federal government for grants, loans and tax relief that could easily top $50 billion to help them recover.

He also said he sees a chance of recession and promised help to the struggling airline industry.

The steep drops over the last month have wiped out most of the big run-up.

The losses accelerated after health authorities declared the outbreak a pandemic.