Stocks were set for another volatile session on Wednesday, with worldwide cases of the coronavirus soaring above 200,000, which forced governments around the world to consider imposing stricter measures to prevent further spreading.
In pre-market action, contracts on the major indices tumbled enough to reach their “limit down” floor, preventing them from trading any lower. The lower limit is established each day by CME Group and represents a decline of about 5% on the indices. Story continuesMonetary policymakers also stepped in with further stimulus Tuesday. In a move anticipated by many market participants, the Federal Reserve announced Tuesday it would be relaunching its financial crisis-era Commercial Paper Funding Facility, a program helping give U.S. companies increased access to financing amid the pandemic-related disruptions.
Losses in the 30-stock index were led by drops in shares of UnitedTechnologies and Boeing, the latter of which has seen its stock cut by two-thirds since the start of 2020. Nio faces an uphill battle amid the coronavirus outbreak, with China’s auto industry as a whole already weak in 2019. In February, overall car sales in China plummeted 80%, the biggest drop on record.
“Caesars has a strong liquidity position with more than $2.8 billion of cash on hand,” the company said in a statement. “While the Company believes its current cash position is more than sufficient to fund its obligations, it is also taking appropriate measures to reduce operating and capital expenses, as necessary.”
It was a matter of time when you throw in the tariffs The way this administration missed handled everything By the end of summer will be back were George Bush left Obama for the stock market
The buck stops with you Mr. Notsopresident
His own demo is turning on him.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news live: Stocks boosted by Trump coronavirus stimulus plans; Dow rockets over 1,000 pointsStocks jumped Tuesday, offering some respite from selling after Monday’s declines sent the Dow off by its largest percentage drop since Black Monday of 1987. I can’t until it drops double that again 😭
Source: YahooNews - 🏆 380. / 59 Read more »
Stock market live Monday: Dow drops 13%, Trump says recession possible, trading halted at openA conversation about the latest market news, including the massive sell-off in stocks and a giant monetary stimulus package from the Fed. GuyAdami timseymour 🐻 GuyAdami timseymour Bond market the space to watch ..... GuyAdami timseymour Great insight gentlemen. Sometimes these things seem logical or obvious... sometimes we still need reminders.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: White House and Fed boost stocks, Dow up 1,000, Oil drops 6%Stocks attempted a rebound on Tuesday after the Dow and S&P 500's worst day since 1987 on Monday. GREAT let get gas down to a 1.50 gallon. WTI Member people who called a bottom like, well hundreds of millions of losses ago? For every bottom calling hero that is born from this, there is a path littered with corpses. I’m fine with not trying to be a hero.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Stocks rebound, Dow up 300, Regeneron speeds up drugStock market live updates: Stocks attempted a rebound from the worst day since 1987, with all 3 major averages opening in positive territory. MARKETS showing signs they do not trust this GOV to do the right thing. GOV need to eject confidence of what plans they have to deal with this not pushing more money into the markets. THERE 90 PERCENT CHANCE RIGHT now we are heading to a recession. SELL. THE. BOUNCE. And to you shorts: You will get massacred when this eventually rebounds on a one day rebound so STOP shorting! Great! The stock market did not tank again today. It is only 948am though and we have not heard the daily disinformation from Trump.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: White House and Fed boost stocks, Dow up 600, Boeing cratersThe Dow dipped below 20,000 this morning, but later recovered. Here’s what 5 experts have to say about the market volatility amid the coronavirus pandemic. buy now. when this blows over people are going to party like crazy. This sounds like the stimulus support that we've been looking for, so I think that it's ok to buy incrementally. In total, the package sounds right at maybe $2t to $3t. Don't be mistaken, there will be more bad news, but this news just shortened the distance to a bottom. Report something positive...quit the negative reporting!!!!!!!!!!
Source: CNBC - 🏆 12. / 72 Read more »