Stock market suffers another downturn – Jim Cramer and others weigh in

Stock markets returned to red to begin the second quarter.  The stock market fell on Wednesday as coronavirus fears stretched on. The Dow Jones Industrial Average and the S&P 500 were both nearly 4% lower by mid-afternoon.   Here’s what four market experts have to say.  Focus on ‘good franchises’  Jim Cramer, host of CNBC’s “Mad Money,” says circumstances will improve and investors […]

‘Selling fatigue’ has kicked in, but the capitulation and stock-market bottom may be yet to come, strategists says

As coronavirus cases surge “selling fatigue” may have set in among investors but the stock-market bottom could be yet come, UBS strategists said. The Dow Jones Industrial Average DJIA, -1.83% had its best week since 1938 last week, after several historically bad weeks. The index made more gains on Monday despite warnings the U.S. coronavirus […]

The Dow’s 21% surge in 3 days puts it back in a bull market — here’s why the coronavirus crisis makes it feel utterly bearish

The bull market is dead, long live the bull market. By some accounts, the Dow Jones Industrial Average DJIA, +6.37% just entered a new bull-market phase, killing the 11-day-old bear market. To some market participants that notion may, indeed, feel like a lot of bull. It may be somewhat disingenuous to refer to the recent […]

Wendy’s Sales Dropped 20% in Recent Days

The COVID-19 outbreak and related containment measures have started significantly impacting Wendy’s (NASDAQ: WEN) business. The fast-food company said on Thursday that sales trends turned sharply lower in mid-March thanks to a raft of temporary restaurant closures and other moves aimed at slowing the spread of the virus. Sales had been trending 4% higher through […]