continued but indexes are off their lows after trading resumed. It was halted for 15 minutes as the S&P fell 7% at the opening, triggering circuit breakers.
The DJIA is down 5.8% and the S&P 500 is down just under 5.7%. The indexes are having their worse day since December, 2008.in the U.S and abroad. That sank international markets in Asia and Europe with the Nikkei index in Japan down more than 5% and the Stoxx Europe 600 index – a Euro-area index – down over 6%.
Oil prices collapsed over the weekend as major producers Saudi Arabia and Russia went into a price war over cuts in production, that further exacerbated tensions and uncertainties among investors. Investors piled into safe assets like gold and treasures went up. The situation appeared so serious that the U.S. Federal Reserve announced an increase in short-term lending to money markets to make sure there continues to be liquidity in the financial system.
Social media and tech stocks were among the worst hit. Google, Facebook and Netflix fell more than 7% before trading was halted. Amazon is down 5.5%Over the weekend, Italy began the largest attempt outside of China to isolate the virus, putting severe restrictions on movement in the north of the country involving over 15 million people in the provinces of Lombardy and Veneto, the economic engines of the country. The impact of the epidemic is increasing in France and Germany as well.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Cramer: Monday's stock market close could usher in the end of the longest bull market ever'I think that that's certainly a realistic thing,' CNBC's Jim Cramer said. Red Queens worshipping Lucifer plotting genocide More irresponsible posting by Chrome Dome Cramer.
La source: CNBC - 🏆 12. / 72 Lire la suite »
Stock market live updates: Stocks reopen after halting, Dow down 1,800Stock market live updates: Shares of bank stocks are suffering amid a collapse in bond yields. Shares of Citigroup are down more than 10%, JPMorgan lost 9%, Goldman Sachs fell 8% and Bank of American dropped 8%. Market 'Halted?' Isn't this Socialistic Interference in Free Market Capitalism? Allow the 'Invisible Hand' of Capitalism do it's MAGIC! Or Damage! it's not a pandemic, it a media-driven panic Manny6Manny It's time to use that XRP on demand liquidity to unlock dormant capital in the nostro/vostro.
La source: CNBC - 🏆 12. / 72 Lire la suite »
Over $21 billion wiped off cryptocurrency market in 24 hours after massive oil price plungeBitcoin, the biggest cryptocurrency by value, fell 8% in 24 hours with other big digital coins ethereum, XRP and bitcoin cash, posting double-digit losses. 1 bitcoin is still worth 1 bitcoin. No worry here Yes fud me baby “Store of value”
La source: CNBC - 🏆 12. / 72 Lire la suite »
Stock market crash: How coronavirus sell-off causes next credit crisis - Business Insider'Much worse than 2008': An expert who foresaw the dot-com crash warns the stock market's recent turmoil has kicked off another full-blown financial crisis Well I mean yeah,it’s not so much the virus that’s gonna cause it directly.But those who are really really worried about this and anxious of the outcome in the coming months. I live in Nova Scotia,Canada no reports yet.And we’re running low/out of toilet paper hand soap and more! Convenient in an election year.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
'Fear is now pervasive,' oil expert Dan Yergin says amid market routThe world is in a period of 'true turmoil,' with financial markets and economies in crisis while a novel coronavirus continues to spread rapidly, oil guru Dan Yergin told CNBC this week. It’s happening — like we’ve never SEEN before How much more irrelevant must oil get before we get serious payback for the Saudis funding and orchestrating the 9/11 attacks? oilprice oilwar OilCrash Gas prices fall works get a pay raise
La source: CNBC - 🏆 12. / 72 Lire la suite »