Tag Archives: stock market

Dow Plunges 1800 Points Amid Renewed COVID Fears

CNBC reports: The Dow Jones Industrial Average plunged more than 1,800 points on Thursday and was on pace for its worst day since the March sell-off as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy led the declines. The 30-stock Dow traded …

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NYSE To Reopen: Masks Required, Handshakes Banned

The Wall Street Journal reports: The New York Stock Exchange is set to reopen its famed trading floor Tuesday, but it won’t be going back to normal. Only one-quarter of the NYSE’s usual population of traders will be back when the floor resumes business after a two-month closure prompted by the coronavirus pandemic. Traders who return must wear masks, avoid …

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Oil Turmoil Craters Dow By 1200 Points In 48 Hours

Roll Call reports: The Dow Jones Industrial Average plunged more than 1,200 points, or 5 percent, in the first two days of trading this week amid turmoil in energy markets. On Tuesday, the Dow Jones closed down 631.6 points, or 2.7 percent, and the S&P 500 closed down 86.6, or 3.1 percent. The losses followed record lows for oil on …

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Dow Ends Worst First Quarter In Its 135-Year History

The Washington Post reports: Wall Street concluded one of its worst-ever starts to a year on Tuesday with markets staggering under trillions in losses from an economy paralyzed by the coronavirus. The Dow Jones industrial average plunged more 400 points, or roughly 1.9 percent, for the worst first-quarter finish of its 135-year history. The virus has killed thousands across the …

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Dow Soars 2100 Pts On Hopes Of Stimulus Bill Deal

ABC News reports: U.S. equity markets registered the strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package. In the final hour of trading, gains picked up steam giving the Dow Jones Industrial Average a 2,112 point gain, the biggest …

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Dow Tumbles Another 600 Pts Despite Move By Fed

Bloomberg News reports: U.S. stocks started the week down as investors saw little progress on a congressional spending package to blunt the fallout from the coronavirus pandemic. Measures of corporate credit risk eased after the Federal Reserve announced a massive second wave of initiatives to support a shuttered American economy. The S&P 500 closed lower, despite a late-session surge, after …

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Federal Reserve Moves To Shore Up Financial Markets

The New York Times reports: The Federal Reserve said it would buy as much government-backed debt as it needs to keep financial markets functioning, and unrolled a series of programs meant to shore up both large and small businesses — a whatever-it-takes effort to cushion the economic blow of the pandemic. “Aggressive efforts must be taken across the public and …

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Dow Tumbles 913 Pts After Trump’s Insane Briefing

CNBC reports: Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow. The Dow Jones Industrial Average closed 913 points lower, or more than 4%, after rallying more than 400 points earlier in the day. The S&P 500 slid 4.4%. …

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NYSE To Close Trading Floor After Workers Test Positive

The Washington Post reports: The New York Stock Exchange announced Wednesday that it is closing its trading floor and going completely electronic as the coronavirus pandemic continues to wreak havoc on the stock market. The move stemmed partly from traders testing positive for the coronavirus, NYSE President Stacey Cunningham said on CNBC. “NYSE’s trading floors provide unique value to issuers …

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Dow Jones Currently Below Trump’s Inauguration Day

The Hill reports: The Dow Jones Industrial Average on Wednesday erased all the gains it had made since President Trump took office amid the ongoing economic fallout from the coronavirus epidemic. The morning of Trump’s inauguration, the stock index opened at 19,795 and closed at 19,827. At its lowest point on Wednesday, it fell to 19,700. The S&P 500, widely …

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Dow Jones Rebounds +1000 Points On Stimulus News

NBC News reports: Stock markets surged on Tuesday, after the government doubled down on its economic response to the coronavirus outbreak, ramping up financial assistance for affected businesses, and floating a $1 trillion stimulus package that includes putting cash in the hands of Americans. The Dow Jones Industrial Average ended the day with a gain of around 1,000 points, bouncing …

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Dow Plunges As Trump Speaks, Closes 3000 Pts Down

Investor’s Business Daily reports: Stocks crashed at the open to trigger a circuit breaker, halting trade for 15 minutes, following the Fed’s emergency rate cut over the weekend. The central bank slashed rates to essentially zero and announced a $700 billion quantitative easing program. But instead of spurring stock purchases, the Dow Jones index plunged more than 2,700 points before …

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NYSE Halts Trading After Opening 2250-Point Plunge

Yahoo Finance reports: As of Monday morning, the S&P 500 opened more than 8% lower, immediately triggering a 15-minute trading halt launched when an index fall more than 7% from the prior session’s close. The so-called “circuit breaker” is intended to prevent further immediate losses. During the overnight session, futures for each index were pinned to their “limit-down” levels established …

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Trump Boasts About Yesterday’s “Biggest” Stock Rise

Mediaite reports: President Donald Trump continued to take an odd victory lap over the stock market’s performance after he declared the coronavirus pandemic a national emergency, tweeting an exuberant boast that was sorely lacking in context, to say the least. And as anyone who has had a pulse for the past week understands, this rise came one day after the …

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Dow Suffers Worst Day Since 1987 In 2353-Point Skid

Investor’s Business Daily reports: The Dow Jones Industrial Average pared a 2,000+ point intraday loss by half after the Federal Reserve announced additional stimulus measures to combat a spreading coronavirus outbreak in the U.S. But it didn’t take long for sellers to come back into the stock market. On the NYSE, declining stocks swamped advancers by more than 35-to-1. Nasdaq …

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NYSE Halts Trading After 1700-Pt Plunge At Opening

NBC News reports: The Dow Jones Industrial Average fell by 1,700 points Thursday morning after President Donald Trump’s long-awaited response to the coronavirus epidemic triggered a massive sell-off on Wall Street. All three major averages sank after Trump’s Oval Office address Wednesday night failed to satisfy traders who were hoping for more concrete steps to staunch any economic slowdown from …

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Dow Jones Ends 11-Year Bull Run With 1460-Point Loss

Investor’s Daily reports: The Dow Jones Industrial Average dropped more than 5.2% to retrace all of Tuesday’s rebound and more in the stock market today. At the day’s low of 23,606, the Dow industrials also fell 20.2% below its 29,568 peak to meet the textbook definition of a bear market-level decline. Among the biggest losers on the 30-stock Dow industrials, …

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Dow Jones Plummets 2023 Pts, Worst Day Since 2008

The Associated Press reports: Coronavirus fears and a crash in oil prices sent a shudder through financial markets Monday, with stocks plummeting so fast on Wall Street that they triggered the first automatic halt in trading in over two decades. The Dow Jones Industrial Average plunged more than 2,000 points at one point during the day, or nearly 8 percent, …

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NYSE Halts Trading As Stocks Plummet At Opening Bell

USA Today reports: U.S. stock futures and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession. Dow futures tumbled 1,255 points while Standard & Poor’s 500 futures sank 4.9%. Futures contracts hit a 5% daily down limit on Sunday evening, triggering a halt in trading. On Monday, the …

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Biden’s Wins Send Health Stocks Soaring, Dow +1173

ABC News reports: Stocks surged on Wednesday as major victories from former Vice President Joe Biden during Super Tuesday sparked a massive rally within the health-care sector. The Dow Jones Industrial Average soared 1,173.45 points higher, or 4.5%, to 27,090.86. The S&P 500 jumped 4.2% to 3,130.12, while the Nasdaq Composite advanced 3.8% to 9,018.09. The Dow posted its second-highest …

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