Markets Wall Street is continuing its unprecedented roller-coaster ride amid the coronavirus turmoil, with stock index futures plunging about 4% overnight to enter “limit down” territory once again. In fact, the S&P 500 has swung 4% or more in either direction for the … Continue reading
Markets The volatility isn’t over yet following Wall Street’s worst day since the 1987 crash. U.S. stock futures soared overnight and even hit a 4% “limit up” halt at one point, before plunging into the red, only to resurface moments later … Continue reading
Markets S&P 500 futures triggered another ‘limit down’ trading halt overnight after tumbling 5%, even after the Fed embarked on a massive monetary stimulus campaign to cushion the U.S. economy from the coronavirus pandemic. Interest rates were slashed to near zero, while … Continue reading
Markets Volatility is returning to Wall Street after the major averages suffered their worst sessions since the “Black Monday” market crash in 1987. Dow futures started the night indicating an opening loss of 700 points at the lows, but are now pointing to gains … Continue reading
Markets S&P 500 and Nasdaq futures fell another 5% in overnight action, hitting the so-called limit down threshold, as the two indexes look to join the Dow Jones Industrial Average in bear market territory. The latter, which tumbled another 1,200 points in recent hours, … Continue reading
Markets Following Monday’s plunge and Tuesday’s rally, U.S. futures fell another 2% overnight as traders sized up fiscal and monetary policy responses. Saudis boosting output even further Saudi Aramco (ARMCO) has received a directive from the kingdom’s energy ministry to up its … Continue reading
Markets Stocks set the stage to open higher following the S&P 500’s worst day since the financial crisis after President Trump said he’ll discuss a payroll tax cut with Congress and that he’s considering other relief measures. S&P futures are up … Continue reading
Markets Black Swans Circle Longest Bull A sea of red was seen around the world, with the Euro Stoxx 50 Index now down nearly 7%, Japan’s Nikkei tumbling about 5% and Italy on the edge of a bear market. Amid an increase in … Continue reading
Markets Stability nowhere to be seen More pain will come at the open, with Dow futures sinking 652 points and the S&P 500 and Nasdaq down 2.7% and 2.9%, respectively. The spread of coronavirus has accelerated in the U.S., and investors who once … Continue reading
Markets Things are turning around fast again following a massive rally in the previous session, with Dow futures off by nearly 500 points and S&P 500/Nasdaq futures down by 1.9%. In Asia, Japan +1.1%. Hong Kong +2.1%. China +2%. India +0.2%.In Europe, at midday, London -1.6%. Paris -1.6%. Frankfurt -1.6%.Futures at … Continue reading