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.”
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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.
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