Markets Today’s weekly jobless claims report is set to grab the attention of both Wall Street and Main Street, offering proof that the economy is already in recession. The number, which could surge to at least one million, is especially in … Continue reading
Markets Up by nearly 3% for most of the night, stock index futures turned negative moments ago following Tuesday’s historic rally. The DJIA climbed more than 2,000 points, or 11.4%, marking its biggest percentage gain since 1933, while the S&P 500 soared 9.4% for its best day … Continue reading
Markets The rollercoaster on Wall Street continued overnight as U.S. stock index futures climbed 5% to hit ‘limit up’ levels. Fed surprises again The “whatever it takes” attitude was also seen by the Fed’s willingness to buy corporate bonds and corporate bond exchange … Continue reading
Markets Following a big turnaround on Friday that resumed a selloff on Wall Street, markets went into another tailspin overnight as a Senate vote on a coronavirus rescue package failed to gain sufficient traction. Futures have now trimmed their losses, with … Continue reading
Markets Big gains were seen across every asset class overnight as policymakers pulled out all the stops and adopted a “whatever it takes” approach to mitigate economic fallout from COVID-19. The latest moves will see the Fed increase the access to … Continue reading
Markets Investors in the U.S. sold nearly everything they could on Wednesday despite President Trump signing a $100B coronavirus relief bill and Congress turning its focus to broader economic stimulus. Stock index futures wavered between gains and losses overnight, while … Continue reading
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