Today is Tuesday, March 31, 2020 and we are reading about how the stock market is doing at the end of the quarter, how certain airlines are halting flights out of NY and others are making plans to consolidate their routes to fewer airports when the pandemic is behind us, as well as a few more articles.
Stocks rebounded on Tuesday, the last day of the first quarter, as investors wrapped up a period of historic market volatility sparked by the coronavirus pandemic.
Stresses in the U.S. dollar markets have pushed the Federal Reserve to open up a facility where foreign central banks can temporarily swap U.S. government bonds with greenbacks, as the coronavirus continues to grip markets around the world.
Low-cost U.S. carrier Spirit Airlines said on Monday it will cancel all flights to and from New York, Connecticut, and New Jersey after U.S. officials warned against travel to the area because of the COVID-19 pandemic.
The U.S. Department of Transportation said Tuesday that it will allow airlines that receive coronavirus aid to consolidate certain routes into fewer airports, giving carriers some breathing room in meeting the requirements for the relief.
A measure of U.S. consumer confidence fell sharply in March as people grapple with the global coronavirus outbreak.