Dow set to slide as the coronavirus tightens grip on economy and oil price war escalates

Dow set to slide as the coronavirus tightens grip on economy and oil price war escalates

[ White House likely to pursue federal aid for shale companies hit by oil shock, coronavirus downturn ]. The company did not give a timeline for the increase, but was responding to similar comments from Russia Tuesday.. Oil prices, which had bounced back somewhat after skidding 25 percent Monday, tumbled in response to the news.. "The bond market has to shrug off Coronavirus fears while stocks are behaving much more erratically," Danielle DiMartino Booth, CEO and chief strategist at Quill Intelligence, told The Post in an email.. PIMCO's U.S. economist Tiffany Wilding said in a blog post that Federal Reserve rate cuts "alone won't be the panacea" for cushioning the economic fallout from the coronavirus.. Thomas Heath Thomas Heath is a local business reporter and columnist, writing about entrepreneurs and various companies big and small in the Washington metropolitan area..