Though stocks were in the green the entire day, the runup began as President Trump held a news conference announcing a national emergency.
US Fed ramps up cash injections to keep market gears grinding
The Bank of England cut rates to record lows on Wednesday.
The Federal Open Markets Committee meets March 17-18.
US stocks resume downward trend amid skepticsm of Fed rate cut
The Fed is scheduled to meet March 17-18 at its regular meeting on monetary policy. Rates last were lowered in October.
The Trump administration has downplayed the coronavirus in order to calm the stock market.
Can the Fed inoculate US economy against virus impact?
US Fed ready to act amid 'evolving' coronavirus risks: Powell
The trade conflict of the past two years likely left a mark on the US economy, even with the recent agreement to defuse the situation, a Federal Reserve official said Monday.
Central banks will have limited room to stimulate the economy in the next downturn, which will make government spending an even more important tool, a top Federal Reserve official said Friday.
Benefits of China trade truce 'limited': Fed officials
Fed chief describes chinks in otherwise healthy US economy
US households add $601 bn of debt in 2019: NY Fed
Credit card debt hit a record $930 billion, up $46 billion from the third quarter.
Fed 'closely monitoring' global risks from coronavirus: Powell
US Fed watching global economy for signs of infection from virus
Economic activity fell in eight states in the fourth quarter and stagnated in three others.
For US Fed, it's steady as she goes... for now
US continues 'modest' growth, outlook 'modestly favorable': Fed
Lower interest rates have hit the profit margins of the U.S. banking sector.
Here are 10 states which will likely see their economies shrink in the first six months of the year.