Stock market live Wednesday: Dow drops 1,300, trading halted again, Ackman says shut down country

  • 📰 CNBC
  • ⏱ Reading Time:
  • 80 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

“I’d definitely call it a panic in the markets,” investor Bill Miller said yesterday about the recent coronavirus-induced volatility, which he calls the 5th great buying opportunity of his adult lifetime. But he adds, “it takes a lot to maintain a panic.”

on Wednesday. "We need to shut it down now... This is the only answer.""If he can save the country from the coronavirus, he will get re-elected," Ackman said.Stocks are halted for trading after the S&P 500 dropped 7%, kicking in the level one "circuit breaker."Natural gas is down 7% today, and is now trading at its lowest level since Sept. 20, 1995.

Around midday, the major averages were down sharply once again as Wall Street continued its volatile streak during the coronavirus crisis. The Dow Jones Industrial Average was down more than 1,300 points, or 6.3%. The S&P 500 and Nasdaq fell 6% and 5%, respectively. Those losses offset a sharp bounce from the previous session, which was sparked by hopes of massive fiscal stimulus. —The iShares U.S.

Spirit Aerosystems is down almost 68% this month, on pace for its worst month ever back to its IPO in 2006TransDigm is down almost 57% this month, on pace for its worst month ever back to its IPO in 2006 —11:35 am: Amid the market volatility, analysts say buy these stocks: Zynga, Kroger, Hershey, Ralph Lauren & moreBank of America upgraded Tesla to neutral from underperform.Bank of America upgraded Ralph Lauren to buy from neutral.Telsey upgraded Kroger to outperform from market perform.

Bernstein upgraded Campbell Soup, General Mills, Conagra Brands and Kellogg to market perform from underperform.Credit Suisse named Constellation Brands a top pick. JPMorgan upgraded D.R. Horton to overweight from neutral and downgraded Lennar and PulteGroup to neutral from overweight.BTIG upgraded Dunkin' Brands to buy from neutral.Barclays downgraded American Airlines to equal weight from overweight.Nomura Instinet initiated Stitch Fix and The RealReal as buy.BloomOil plummeted 16% toas the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction. U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The market bottom will happen just like yesterday when the market had maximum panic but then exhausted and bounced back. The bottom will also be in before the news turns better for the virus. For the most part the market has already priced in the recession and could jump soon!

It would s definitely irresponsible to him on CNBC, hack financial journalism

Time to institute a 10% tax on sales of assets that have been owned less than 10 minutes.

Bill says “buy” so he has time to implement his exit plan.

CNBC precipitated in part the crash today. Grossly unethical and wrong. UntrustedCNBC.

It makes me sick to hear these folks gloating over profiting off of this crisis.

I can't make bills if I miss two more weeks.

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:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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 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 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 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 »

5 things to know before the stock market opens WednesdayU.S. stock futures hit their 5% 'limit down' levels Wednesday after Wall Street rebounded from its worst day in more than three decades. These guys in the photo look like they were drawn by Pixar. 5things Still, the market feels different......the market should bounce back today. There's a lot of firepower coming our way. Hopefully they'll make it enough.
Source: CNBC - 🏆 12. / 72 Read more »