NEW YORK—Stocks on Tuesday recouped most of their historic losses linked to turmoil on the oil market from the prior day as hopes rose, faded and then bloomed again on Wall Street that the government will try to cushion the economic pain from the coronavirus.
The day’s moves were a microcosm of the severe swings that have dominated recent weeks, and market watchers say they’re likely to continue until the number of infections stops accelerating. In the meantime, investors want to see a big, coordinated response from governments and central banks to shore up the virus-weakened economy.
