Stock market week in review: Outlook mixed amid coronavirus volatility - Business Insider

The outcome fueled markets' Wednesday gains as investors bought into hopes for a more moderate Democratic candidate.from Canada's central bank and the International Monetary Fund alleviated some investor fears around coronavirus fallout and boosted markets higher.

Any hope for a lengthy bull run faded by Thursday's open. Stocks tanked as investors reversed their past optimism for global easing policies and turned focus back to the coronavirus's grip on supply and demand. The S&P 500 reentered correction territory and the Dow closed 970 points lower, mimicking the sell-offs seen the week prior.— or VIX, known as the stock market's fear gauge — closed above 30 for seven sessions straight, its longest such streak since 2011.

US firms ordered employees to avoid non-essential travel as breakouts appeared across country. Others have called on staff to self-quarantine, prompting new worry around the virus driving a demand shock through the US economy. Much of the virus's future development remains uncertain, leaving investors in the dark as to when volatility could die down.

Some experts have pinned the wild price swings to Wall Street's increased use of algorithmic and quantitative trading programs. "There could be any variety of triggers that can cause a shift from massive buying to massive selling and that's just exacerbating the moves," she said. "What we tell our investors is, 'don't try to play that game.'"

No one knows what truly lies ahead. We can only act on what we see and appreciate the volatility in the market and profit when we see a chance!

forget about Chaotic... better focus on Intraday Smart Money Patterns in Play...

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Next stock market crash: How coronavirus could jumpstart the process - Business InsiderA notorious market bear says investors are making a classic error at the worst possible time — and warns coronavirus 'chaos' could kickstart a 67% market crash what if that's the point?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market live Thursday: Dow plunges nearly 1,000, stocks in correction, 10-year at record lowJeffrey Gundlach thinks there will be another 50 basis point rate cut at the Fed’s next meeting, but the Fed will not go to negative interest rates. “Negative interest rates in the United States would be a complete disaster for the financial system.” how low can ya go? This is ridiculous. Hey how about no more of this guy on TV?
Source: CNBC - 🏆 12. / 72 Read more »

Why you shouldn’t panic when the stock market gets hammeredNBC News’ Stephanie Ruhle explains what you need to know to weather the storm when stock markets are swinging and how you can prepare for the future. SRuhle BETTER SRuhle BETTER Unless you’re about to retire or already retired...
Source: NBCNews - 🏆 10. / 86 Read more »

Coronavirus Has Hammered the Stock Market -- But It Could Be Good for Warner Music Group's IPO“Music is evergreen and songs are one of the very few precious assets that have little or no correlation to the wider stock market,” explains music investor Merck Mercuriadis Weird flex bro.
Source: RollingStone - 🏆 483. / 51 Read more »

Stock market live updates: Dow drops 850, travel stocks sink, 10-year below 1%“Bond King” Jeffrey Gundlach says he thinks the Fed will cut rates again, “perhaps even in two weeks,” following this week’s emergency 50 basis point cut. 🤔🤔 Rates are headed below zero all over the world
Source: CNBC - 🏆 12. / 72 Read more »