Wall Street analysts at Oppenheimer this week abandoned its S&P 500 target amid market volatility due to the coronavirus pandemic this week. “In such an environment the risk and the extent of damage will vary greatly within segments of the economy and sectors of the markets causing us to suspend […]
US stocks gained Thursday as investors shrugged off a huge number of weekly jobless claims spurred by layoffs related to the coronavirus outbreak. The Dow Jones industrial average surged 6.4% – or 1,352 points – to extend its three-day surge to 21%. That means the index has officially reentered a […]
US stocks pared losses early Thursday as investors shrugged off a huge number of weekly jobless claims spurred by coronavirus-induced layoffs. Investor optimism continued to gain build around the $US2 trillion coronavirus stimulus package passed by the Senate late Wednesday. The bill includes unemployment benefit expansions, help for businesses, and […]
US stocks soared Tuesday, rebounding from losses Monday, on hopes a coronavirus economic aid package is coming soon. Equities are rebounding from declines on Monday, which came even after the Federal Reserve took unprecedented action to prop up the US economy amid coronavirus fallout. Read more on Business Insider. US […]
Gold has slumped lately, but recent actions from the Federal Reserve mark a likely turning point that makes it an attractive buy, according to a Monday note from Goldman Sachs. “We are beginning to see a similar pattern emerge as gold prices stabilised over the past week and rallied today […]
The Dow Jones industrial average on Monday fell to an intraday low of 18,213.65, erasing all of the gains it had made since President Donald Trump won the November 8, 2016 election over Democrat Hillary Clinton. Markets have sold off sharply in recent weeks amid the coronavirus pandemic, which is […]
On a Monday conference call with new Bank of England Governor Andrew Bailey, some top asset managers said that financial markets should close for two weeks amid the coronavirus pandemic, The Wall Street Journal reported Tuesday, citing sources familiar with the matter. The call included senior executives from Vanguard Group, […]
It's not just historic volatility.
If you were superstitious, you'd get the hell out of markets.