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 […]
Stocks tumbled to start the second quarter as the number of COVID-19 cases in the U.S. topped 200,000. The Dow Jones Industrial Average plunged 973 points, or 4.44 percent, while the S&P 500 and Nasdaq Composite both fell 4.41 percent. Boston Federal Reserve President Eric Rosengren called the COVID-19 pandemic a ‘Black Swan’ event, and […]
Mohamed El-Erian said Wednesday that he would be hesitant to put cash to work, arguing the stock market is still on a downward trend due to the coronavirus pandemic. But he offered a road map for investors who feel inclined to add to their portfolios. “Whatever cash you have, divide it over five installments,” El-Erian […]
U.S. stock futures rose in overnight trading and pointed to gains at the open on Thursday, as markets try to rebound after kicking off the second quarter in the red. Dow futures rose 237 points, indicating a gain of about 171 points at the open on Thursday. The S&P 500 and Nasdaq Composite were also […]
Hedge fund manager Bill Ackman appeared on CNBC earlier this month tearfully begging for a nationwide shelter in place because he thought “hell” was coming.” But investors didn’t realize that Ackman was about to profit in a big way from the turmoil on Wall Street. Ackman recently disclosed in a shareholder letter to investors in […]
The stock market has seen one of its fastest bear market declines ever, with fears about the coronavirus pandemic taking more than 35% off the Dow Jones Industrial Average (DJINDICES:^DJI) in just a single month. The drop was not only steep but also psychologically punishing, as day after day, small recoveries would give way to […]
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 […]
Shuttered shops. Empty streets. Scant traffic. The world’s financial centers are increasingly looking like ghost cities. The world’s financial markets, on the other hand, are a frenzy of activity as dealers and traders try to ride the wild swings each headline and sentiment shift brings. Yet, even though almost all trading is electronic these days, […]
Stock Markets Despite a world economic climate that is taking in more doom and gloom almost daily, stocks managed to record their best week in 11 years this week. They also added back-to-back gains for the first time in over a month. For perspective, it’s important to note that the S&P 500 remains about 25% […]
The first crushing wave of 3.28 million workers seeking unemployment benefits is expected to be followed by millions more in coming weeks as the impact of virus-related shutdowns ripples across the U.S. economy. Economists had expected anywhere between 1 million and 4 million new claims to be filed for the week ending March 21, as […]
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 […]
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 […]
