Shares in Asia rose Thursday, building on a U.S. surge, as investors welcomed growing signs of coordinated action to counter the economic impacts of the fast-spreading coronavirus.
Futures linked to the U.S. equity benchmarks dropped over 1%, meanwhile, suggesting that American stocks are poised to drop after the opening bell in New York. European stocks opened lower, with the pan-continental Stoxx Europe 600 index drifting down 0.5%.
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Stocks Fall Sharply Despite Surprise Fed Rate CutU.S. shares and government bond yields dropped sharply after the Federal Reserve lowered interest rates, but failed to assuage the anxieties of money managers monitoring the economic fallout from the coronavirus epidemic. Trump: I'm ordering a halt of the StockMarket. So it can't fall any further. But that's not Capitalism. That's Socialism. Trump: I don't care. The tanking stockmarket is going to destroy my economy & I'll go to jail if I don't get re-elected. But that's fascism. Trump: Do it Im so fuckin paranoid i need to quit or somethin i dont know anymore
Source: WSJ - 🏆 98. / 63 Read more »
Stocks Extend Drop Despite Surprise Fed Rate CutU.S. stocks and government bond yields slid after the Federal Reserve lowered interest rates, but failed to assuage the anxieties of money managers monitoring the economic fallout from the coronavirus epidemic. Time to buy? It will rebound; quit stoking fear
Source: WSJ - 🏆 98. / 63 Read more »
Homebuilder stocks jump on Fed rate cut amid coronavirus outbreakThe homebuilders' ETF (ITB) is near the high of the session, up almost 2.3% and up 6.2% week-to-date. who do you think you are fooling with this stuff cnbc? boomers do not use twitter It’s called a “FED Cat Bounce”
Source: CNBC - 🏆 12. / 72 Read more »
Another bad sign for the economy: Travel stocks are plungingThe market has been whipsawed by fears about the coronavirus. But for many Americans, who largely don't own stocks, the financial impact so far is purely psychological. Yes, it's terrifying. But it doesn't actually say anything about the real economy. That’s the reason you and your party Ass Clowns Say What? KAG 🇺🇸
Source: CNN - 🏆 4. / 95 Read more »
Stocks soar on plans for more stimulus measures, Biden winsThe Dow Jones Industrial Average surged nearly 1,000 points, or 4%, Wednesday on hopes for more stimulus measures to fight the virus outbreak and primary wins by Joe Biden. Congressional... Obama's fault It's all just a game. Get rid of the stock market Is this Trump's fault also? Asking for a deranged leftist.
Source: AP - 🏆 728. / 51 Read more »