The market could drift lower in the week ahead, as investors watch developments around the coronavirus and wait for first quarter earnings season to begin.
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020.The stock market enters a four-day week that is the lull before earnings season, but it's the headlines on developments around the spread of the coronavirus that may result in the most volatility.
Oil could be a factor in the week ahead as OPEC and Russia hold an emergency meeting Monday to discuss production cuts.with West Texas Intermediate futures at $28.34 per barrel, its best week ever. President Donald Trump sparked the rally when he said he spoke to Saudi Arabia and Russia and they wanted a deal to cut production.
"We look for 7 million new claims to be reported for the week ended April 4, though obviously the range of uncertainty around this forecast is wide, and a substantial decline is also possible," noted J.P. Morgan economist Jesse Edgerton. The Fed has flooded the markets with liquidity and is ballooning its balance sheet with Treasury and mortgage purchases. Swell said the Fed's programs are helping the markets they've taken aim at including corporate debt, mortgages and commercial paper.First quarter earnings season is scheduled to start in the week after next, and there could be more companies withdrawing guidance between now and then.
The stimulus will continue but it will not increase consumer spending. We are nowhere near a bottom
Yep the WS white collar Taliban is still busy stealing everyone’s $ as long as they can..computerized organized crime ring..
I think you're just guessing, like everyone else JournalismIsDead
Don’t worry. Another stimulus is coming.
Don’t worry ... more tweets coming down the pipe to distract from that!
Trump inflate oil, us500 , down Jones . Need up , today manipulete with Bad data NFp. This Will up in ASIA MONDAY. See
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