Tag: U.S. 10 Year Treasury

Dow plunges 850 points as Wall Street’s wild trading streak continues

Dow plunges 850 points as Wall Street’s wild trading streak continues

Stocks plummeted on Wednesday in another volatile session as Wall Street worried about a possible fiscal stimulus package aimed at curbing slower economic growth due to the coronavirus outbreak. The Dow Jones Industrial Average traded 850 points lower, or more than 3%. The S&P 500 slid 3% while the Nasdaq Composite dropped 2.7%. Those losses […]

Dow jumps more than 600 points after Wall Street’s biggest rout since 2008

Dow jumps more than 600 points after Wall Street’s biggest rout since 2008

Stocks rallied on Tuesday as Wall Street clawed back some of the massive losses suffered in the previous session. Bets on government intervention to stem the economic downturn from the coronavirus lifted equities. The Dow Jones Industrial Average traded 600 points higher, or 2.6%. The S&P 500 climbed 2.4% while the Nasdaq Composite advanced 2.6%.  […]

Dow craters 1,400 points and S&P 500 down 5% amid oil price war

Dow craters 1,400 points and S&P 500 down 5% amid oil price war

Stocks cratered Monday as investors grappled with the sinking price of oil and the spread of the coronavirus. The Dow Jones Industrial Average tanked 1,438 points, on pace for its worst day since Dec. 2008, while the S&P 500 plunged 5.3%. The massive sell-off triggered a key market circuit breaker minutes into the opening bell. Trading was halted for […]

Coronavirus spread could spark more rate cuts: Economist Benn Steil

Coronavirus spread could spark more rate cuts: Economist Benn Steil

Council on Foreign Relations economist Benn Steil says the Federal Reserve’s half percentage point cut in interest rates may not be enough to keep the economy on track as the coronavirus spreads. “None of us would be surprised to see the Fed cutting further in the coming months,” the council’s senior fellow and director of […]

Dow futures down 200, traders search for the bottom

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: 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 […]

US stocks erase $3.18 trillion in value this week amid coronavirus tailspin

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

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 plunges 1,100, worst point drop in history, will Fed act?

Dow plunges 1,100, worst point drop in history, will Fed act?

This is a live blog. Check back for updates. 4:01 pm: Dow ends wild day down nearly 1,200 points The Dow tanked about 1,191 points, falling into correction territory, as coronavirus fears continued to drove investors away from risk assets. The 30-stock benchmark dropped 4.4% for its worst percentage day since Feb. 2018. On the […]

Dow falls more than 100 points as market’s attempt to rebound from sell-off fails

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

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 […]