amid concerns over the economic recovery while coronavirus-related hospitalizations in certain states grew.Texas has reported three consecutive days of record-breaking Covid-19 hospitalizations.
Nine California counties are reporting a spike in new coronavirus cases or hospitalizations of confirmed cases, AP reported Wednesday. This — coupled with a grim economic forecast from the Federal Reserve — sparked the Dow and S&P 500's biggest sell-offs since March. "You're seeing the psychology in the market get retested today," said one trader.
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Source: CNBC - 🏆 12. / 72 Read more »
Here's what happened to the stock market on WednesdayTraders continued to rotate out of stocks benefiting from the economic reopening and into mega-cap tech shares. FED BUY ALL , MORE STIMULES, BULLISH
Source: CNBC - 🏆 12. / 72 Read more »
Mike Santoli's market notes: What's behind the rout and how long could it last?New for subscribers: Mike Santoli's market notes: What's behind the rout and how long could it last? Check out CNBCPro for a free trial.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: USATODAY - 🏆 100. / 63 Read more »
Global stocks reel on gloomy Fed outlook and fears of a second coronavirus waveStock markets around the world retreated Thursday as fears over a second wave of coronavirus infections and a gloomy economic outlook from the U.S. Federal Reserve rattled investors. at least a narrative of pending doom. The fear mongers are out in force. go away in May is late this year. 😀
Source: CNBC - 🏆 12. / 72 Read more »