Dow Jones

Labor Department data showed new applications for US jobless benefits rose to a seven-week high of 898,000 last week, an increase of 53,000.

Executives from large US banks said additional support was needed for the coronavirus-ravaged economy.

On Monday, the president said he planned to return to the White House.

Most Asian bourses had already fallen sharply earlier in the day.

The head of the World Health Organization's European branch said new widespread lockdowns would not be needed.

The rapid spread of the disease around the world and fresh flare-ups have caused renewed lockdowns.

A spike in coronavirus infections has forced fresh lockdowns and sparked worries about the impact on the world economy.

Nervousness continues to permeate trading floors as infections spike around the world.

Investors welcomed German biotech firm BioNTech's comments about a vaccine candidate would be ready for regulatory review by the end of the year.

Asia tracked the New York losses, with profit-taking also playing a part after a broadly strong week.

Worries about second-wave states appear now to be last week's news.

Oil prices dipped after a healthy advance on Friday.

Asian investors leary as signs of recovery offset by fears of second wave.

The lingering optimism provided support to higher-yielding, riskier currencies.

Canada also reported a surprise increase in employment, confounding forecasts for a big drop.

Governments in Europe and Asia have become confident enough to lift containment measures.

With countries from Asia-Pacific to Europe and US states reopening their shattered economies, global equities have enjoyed a strong revival.

New York Governor Andrew Cuomo said that a first stage of a reopening would start on May 15 if hospitalisations decrease.

The woes on Wall Street discouraged traders in Asia.

The pandemic has now claimed more than 94,000 lives around the world.

Attention this week will be on a planned meeting of OPEC and other key crude producers.

The panic has already caused a bloodbath on trading floors and there are warnings there could be worse to come.

China has been praised by the WHO for its transparent handling of the outbreak.

The Dow won solid gains and pulled to within 100 points of a record of its own.

The US-China trade agreement lowers tensions between the two and provides a major boost to the global outlook.

Worries about the trade war have weighed on the global growth outlook, crimping petroleum demand.

The dip in the stock market is being blamed on a cabal trying to undermine the US president.

US stocks dropped on the Dow Jones by 1,179 points, the largest one-day points fall on record with investors spooked by a

US blue chip index crosses historic mark for the first time driven by health insurance and consumer goods shares.

Dow Jones blamed a technical error for the fake news and also dismissed hacking speculation.