United States

Stocks rebound as investors weigh coronavirus economic toll

US stocks rebounded from an early selloff Thursday as investors assessed how long it will take for the economy to recover from the coronavirus. The Dow Jones industrial average dropped as much as 458.35 points, or 1.9 percent, to 22,789.62, following its 500-point tumble on Wednesday. But rallying financial stocks helped the blue-chip index claw back the loss and rise 0.7 percent, or 168.93 points, to 23,416.90, as of 1:20 p.m. The S&P 500 similarly fell as much as 1.8 percent in early trading before climbing 0.3 percent into the green. And the tech-heavy Nasdaq pared an early 1.7 percent loss to just 0.1 percent as of 1:22 p.m. “The market has entered what we call stall speed as an epic battle ensues between bullish and bearish in ...