The market is wrapping up a brutal quarter as investors search for a bottom in the fastest bear market ever amid the coronavirus crisis. The Dow Jones Industrial Average is on track to post its worst first quarter in history, but the recent sharp rebound raises the question if the worst is behind us. Here’s […]
Tag: WTI Crude (Jan'20)
Dow tanks 1,000, S&P 500 down 5%, virus cases jump
Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP This is a live blog. Please check back for updates. 10:35 am: Walmart jumps 5%, gets an upgrade from Credit Suisse While the broader market moves lower, shares of Walmart are up more than […]
Stocks tank 10%, Dow off 30% from record
This is a live blog. Here’s the latest. 10:17 am: Stocks fall deeper into bear market territory The Dow and S&P 500 entered a bear market last week, putting an end to the historic bull run that began in the throes of the financial crisis. Monday’s steep losses have sent the major averages further below […]
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
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
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 […]
Oil a ‘bigger problem for markets than the coronavirus’ after OPEC deal collapse
A derek pumps in an oil field in Kuwait near the Saudi Arabian border. Joe Raedle | Getty Images Oil prices plunged last week as OPEC and its allies failed to reach an agreement on production cuts, and as prices look set to continue cratering, some are warning about the impact on the broader economy. “Crude […]
Dow record, Charlie Munger on Tesla, Apple jumps
This is a live blog. Check back for updates. 4:01 pm: Dow rallies 270 points to a record The Dow jumped about 276 points to hit a record close on Wednesday, lifted by solid gains from UnitedHealth and Nike. Apple also rallied 2.4%. The gains brought the blue-chip index’s month-to-date rise to 4.5% as investors […]
Dow up big, Tesla tops $900 in parabolic move
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 3:11 pm: Tesla soars 21% at session high Shares of Tesla surged 21% to its session high of […]
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm: Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]