Stocks rose sharply in volatile trading on Monday, with the Dow Jones Industrial Average posting its best day in more than a decade as Wall Street regained a big chunk of their losses from last week’s massive sell-off. The Dow closed 1,293.96 points higher, or 5.1%, at 26,703.32. The move on a percentage basis was the Dow’s biggest […]
Tag: Investment strategy
Dow futures down 200, traders search for the bottom
Traders work during the opening bell at the New York Stock Exchange on February 27, 2020. Johannes Eisele | AFP | Getty Images 8:28 am:Â 10-year yield could go to 0.75%, strategist says The U.S. Treasury 10-year yield could fall further into record-low territory and eventually reach 0.75%, stratetgist Komal Sri-Kumar said. “Usually, when the yield […]
Top economist Ed Hyman sees zero US growth next two quarters
Ed Hyman, a widely followed economist on Wall Street, said the coronavirus outbreak could end up causing a recession in the U.S. and slashed his U.S. GDP forecast to zero growth in the second and third quarters of this year “More cases are showing up in the U.S. and seem likely to be just the […]
The Dow just lost 12% in one week. Here’s why and what likely happens next
The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the week, respectively, marking their worst weekly performance since the financial crisis. The 30-stock Dow posted its […]
US stocks erase $3.18 trillion in value this week amid coronavirus tailspin
The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday, adding to its $2.997 trillion loss from Monday to Thursday, the firm’s Senior Index Analyst Howard Silverblatt told CNBC. The S&P 500 index has […]
What happened to the stock market Friday: Worst week since 2008
Traders work before the opening bell at the New York Stock Exchange (NYSE) on November 14, 2019 in New York City. Global economic worries on Thursday caused Wall Street to retreat from record highs following sour economic data from major economies and signs of persistent deadlock in US-China trade talks. JOHANNES EISELE | AFP | […]
Dow loses 3,200 points and counting on week, bond yields collapsing
Traders work on the floor of the New York stock Exchange (NYSE) on on February 24, 2020 in New York City. Stocks fell over 1000 points on Monday as global concerns grow about the economic impact of the Coronavirus. Spencer Platt This is a live blog. Check back for updates. 8:40 am: 2-year Treasury yield […]
Goldman sees zero earnings growth for US companies this year because of coronavirus
Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images Earnings growth for U.S. companies will be stagnant in 2020 as a result of the coronavirus, according to Goldman Sachs. The Wall Street firm […]
Dow falls more than 100 points as market’s attempt to rebound from sell-off fails
The Dow Jones Industrial Average fell on Wednesday, extending its sharp weekly decline, as the 10-year Treasury yield traded at a record low amid concerns over the coronavirus spreading even further. The 30-stock Dow closed 120 points lower, or 0.5%, after being up as much as 461.42 points, or 1.7%, earlier in the session. The S&P […]
Dow futures up 100, coronavirus cases jump
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:33 am: Dow futures up 100 points Futures on the Dow Jones Industrial Average now rose 100 points, indicating a near 150-point higher open. Stock attempt to come back from […]
