News Formal

Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

It was a brutal day for the market. Stocks tanked Thursday in the market's worst day since the March sell-off as coronavirus cases increased in some states that are reopening. - The Dow fell 1,861 points. - The S&P 500 slid 5.89%. - The Nasdaq lost 5.2%.

Friendly monetary policy from the Federal Reserve cannot "offset a severe COVID second wave," said Dennis DeBusschere, macro research analyst with Evercore ISI, in a note. "With TX, AZ, CA new cases and hospitalizations increasing and investors concerned that recent protest will fuel a wave of infections, the risk of persistently weak economic and earnings growth has increased. S&P fair value estimates are falling as a result.

Overall coronavirus cases in the U.S. topped 2 million, according to the latest figures from Johns Hopkins University. Traders also sold oil futures contracts amid worries the global economic reopening will get sidetracked. West Texas Intermediate futures dropped 8.2% to settle at $36.34 per barrel. In turn, traditionally safer assets such as bonds and gold rose. The 10-year Treasury note yield dropped to 0.66% and hit its lowest level in more than a week . Gold futures jumped 1.1% to $1,739.80 per ounce.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

The fall came as a no surprise to me and many others. The 'recovery' rally was a well organized Wall Street Madoff Ponzi scam. It fooled no one outside the US.

Sarah Eisen needs to bring more optimism or the market falls apart

Don't tell tweety asshole

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:

 /  🏆 12. in BE

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.

Stocks on track for biggest drop since March on concern about economic recovery, coronavirus spikesGlobal stock markets tumbled Thursday after the Federal Reserve signaled a long path to recovery from the devastation of the coronavirus pandemic. Wonder if clown in chief is gonna tweet about market today Don't worry Trump said it was going to be all good so lets just go with that.
La source: USATODAY - 🏆 100. / 63 Lire la suite »

How each S&P 500 sector has performed since March stock market bottom - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Alt lender Prospa announces solid March performance - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »