Tag Archives: stock market

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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Dow Plummets 800 Points Despite Fed’s Rate Cut

NBC News reports: The Federal Reserve’s historic, emergency rate cut was not enough to assuage Wall Street on Tuesday, with the Dow Jones Industrial Average plunging wildly to end the day down by almost 800 points. Nervous traders loaded up all day on “safe haven” assets such as gold and Treasury notes — pushing yields to record levels — amid …

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Dow Closes Up 1300 Points After Historically Bad Week

CNBC reports: Stocks rose sharply in volatile trading on Monday, clawing back out of correction territory and regaining a big chunk of their losses from Wall Street’s worst week since 2008. The Dow Jones Industrial Average closed 1,293 points higher, or 5.1%. The S&P 500 and the Nasdaq Composite climbed 4.6% and 4.5%, respectively. Those gains snapped seven-day losing streaks …

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Dow Plummets Another 1000 Points At Opening Bell

NBC News reports: The stock market cratered again on Friday, marking the seventh day of a massive sell-off sparked by rising fears about the coronavirus epidemic. The Dow Jones Industrial Average plunged by 1000 points at the opening bell, with the S&P 500 and the Nasdaq each falling by 3 percent. The meltdown comes as traders appear to lose any …

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Dow Jones Craters Another 1200 Points On Virus Fears

MarketWatch reports: Investors’ growing fears about virus outbreak sends Dow Jones Industrial Average down about 1,200 points. At last check, the decline would rank within the top 20 for the Dow’s steepest weekly selloffs, with a drop of 9.18%, according to FactSet data. The worst week for the Dow was the 18.15% drop during the period ended Oct. 10, 2008, …

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REPORT: Trump “Furious” About Stock Market Tumble

The Washington Post reports: Trump is highly concerned about the market and has encouraged aides not to give predictions that might cause further tremors. On Wednesday morning, he announced he would be holding a press conference at 6 p.m. about the coronavirus. In recent days, Trump has devoted the majority of his public statements to slamming Democrats or complaining about …

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Stock Market Plummets For Second Day On Virus Fears

Investor’s Business Daily reports: The Dow Jones fell another 878 points on Tuesday, after Monday’s 1,000-plus point drop. Stocks continued to sell off in heavy volume. Visa and UnitedHealth were among the worst Dow performers. As the coronavirus is remains uncontained, its effects continue to infect the stock market while investors weigh the potential damage on the global economy. As …

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Trump Blames Stock Market Woes On Bernie Sanders

Bloomberg News reports: President Donald Trump said Democratic presidential front runner Bernie Sanders is advocating “totally unaffordable” policies that are “not going to work” during a meeting with business leaders Tuesday at the U.S. embassy in New Delhi. “When we win re-election – I think we will – when we win, I think the market’s going to go up, it’s …

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Dow Jones Craters 1000+ Points On Coronavirus Fears

MarketWatch reports: US markets continue to plunge on reports of increasing numbers of cases of the Coronavirus being identified outside China. The Dow Jones dropped by more than 1,000 points (3.7 percent) on Monday, while the S&P 500 dropped 3.5 percent and the Nasdaq index lost as much as 4 percent. Investors are increasingly worried about the economic impact of …

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Trump Boasts Trillion-Dollar Companies Spell “MAGA”

MarketWatch reports: Amazon last week officially became only the fourth U.S. company in history to close the trading session with a market capitalization of at least $1 trillion, joining tech behemoths Microsoft, Apple and Google parent Alphabet. Well, that sounds like the kind of stock-market stat President Donald Trump loves to take credit for — and, once again, he didn’t …

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White House Mulls Tax Incentives For Buying Stocks

CNBC reports: As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the …

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Markets Dive On Virus Fears, Trump Offers US Help

Politico reports: The Dow Jones Industrial Average opened 500 points lower as news of the virus spreading to the U.S. and other countries grew and world officials scrambled to contain the outbreak, which began in Wuhan, China. The coronavirus has affected over 2,700 people. The Dow wound up closing down 456 points, or nearly 1.6 percent. An out-of-control virus — …

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Trump Claims Impeachment Will “Crash” Stock Markets

Fox Business reports: President Trump said Thursday stock markets would “crash” if he were to be impeached. The president was reacting to a tweet of a Wednesday segment from FOX Business’ “Mornings with Maria,” in which Karl Rove, who served as a senior adviser to former President George W. Bush, discussed the impact of House Speaker Nancy Pelosi’s formal impeachment …

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Bank Creates Market Index Based On Trump’s Tweets

CNBC reports: Donald Trump is tweeting more and it’s affecting the bond market. In fact, the president’s market-moving tweets ballooned in August as he hammered China on trade and went after the Federal Reserve on interest rates. In an attempt to quantify the impact of Trump’s tweets on the bond market, J.P. Morgan devised a “Volfefe Index” to analyze how …

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Trump’s Tweetstorms Linked To Falls In Stock Market

CNBC reports: If President Donald Trump wants to keep his strong stock market gains, he may want to stay off Twitter. Days when Trump tweets a lot are associated with negative stock market returns, Bank of America Merrill Lynch said Tuesday in a report. The brokerage’s chief equity strategist, Savita Subramanian, wrote in a note that “since 2016, days with …

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Dow Jones Craters 800 Points On Recession Warning

USA Today reports: As financial markets tumbled Wednesday over concerns about international trade, President Donald Trump took to Twitter to defend his administration’s tariff war with China and to take his latest swipe at the nation’s central bank. “We are winning, big time, against China,” Trump wrote on Twitter, despite few signs of progress in negotiating a new trade agreement …

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Stock Market Tumbles 767 Points Due To Trade War

Bloomberg reports: Financial markets buckled after China escalated the trade war with the U.S., sending American stocks to the biggest drop this year and sparking a rally in global bonds. Gold surged with the yen. The S&P 500 Index plunged about 3% and losses in the Dow Jones Industrial Average surpassed 750 points. Apple and IBM slid at least 4.5% …

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Levi Strauss Files Plan To Take Company Public

CNBC reports: Levi Strauss filed the paperwork for an initial public offering Wednesday. The iconic denim company plans to list on the New York Stock Exchange with the ticker “LEVI.” According to its SEC filing, the San Francisco-based company plans to raise $100 million through the IPO, a placeholder amount used to calculate fees, but CNBC’s Leslie Picker previously reported …

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