This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (March 11, 2020).

U.S. stocks soared in frenetic trading, wiping out much of the losses they suffered a day earlier in the biggest selloff since the financial crisis. The Dow and S&P 500 both rose 4.9% and the Nasdaq gained 5%.

Liquidity in financial markets has dried up, adding to investors' difficulties.

Saudi Arabia and Russia escalated their oil-market war, with Riyadh set to raise output to record levels and Moscow saying it was ready to pump more crude.

Occidental Petroleum is slashing spending and dividends as it responds to a crash in oil prices.

Twitter's Dorsey, having kept his job, now faces unprecedented pressure to deliver on a promise to increase usage and sales.

Regeneron and Sanofi are racing to launch clinical trials exploring whether their arthritis drug could treat symptoms of coronavirus infections.

Foresight Energy filed for bankruptcy protection, citing additional pressures in the coal market.

DXC struck a deal to sell its business focused on Medicaid services to Veritas Capital for $5 billion.

Wells Fargo's new CEO told Congress that the troubled bank is charting a path to move past its yearslong sales-practices scandal.

(END) Dow Jones Newswires

March 11, 2020 02:47 ET (06:47 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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