Stock market live updates: Dow futures up 100, Cramer not buying it, Micron falls

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

What's moving the market right now: Dow futures up 100

It will be tough for any comeback rally to hold Tuesday without the help of the chipmakers, which have been among the hardest hit on the slowing global growth concerns stemming from the coronavirus outbreak.shares were down 1% after Bank of America downgraded the stock to underperform and also cut its view on the whole memory chip industry because of the coronavirus effect on supply chains in China and South Korea. Bank of America thinks Micron will need to cut guidance in March.

shares were downgraded to "reduce" by Instinet, also citing the coronavirus risks to the global semiconductor industry. Nvidia is slightly higher in premarket.6:55 am: 'Don't like to buy into a rally,' Cramer says, negatives out there 'can't be overlooked' In a series of tweets CNBC's Jim Cramer noted that despite implied gains at the open, investors shouldn't buy into this rally or make decisions based on futures. He said that the market is "not that oversold" and pointed to a number of unknows, including the coronavirus spreading from Milan to the United States, delays in a potential vaccine, as well as companies preannouncing EPS weakness.

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 US
 

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

Dead cat bounces

Well maybe it is Rush Limbaugh saying the coronavirus is just the common cold SeemsSoothing but WE deserve Truth

Maybe everyone’s found out it’s a scam.

Did somebody hear some good news that I didn't hear? Or is this just a futile attempt to buy the dip on the way down?

Good news

United States United States Latest News, United States United States 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: Dow futures down 770, airlines slide, Apple dropsStock market live updates: Gold futures gained more than 2% to around $1,680 per ounce, reaching its highest level since Jan. 23, 2013. top
Source: CNBC - 🏆 12. / 72 Read more »

Trump Says Stock Market Hotter Than Ever as Dow Has Worst Day in Two YearsHe also claimed the “CDC & World Health have been working hard and very smart” on the whole coronavirus thing. Trump has a prestigious job other idiots can only dream about. He is famous, has a big salary, fully paid expenses and vast perks. He can be completely incompetent, lie, make unlimited gaffes and all the while be praised and protected. Wow!
Source: VanityFair - 🏆 391. / 55 Read more »

These Dow stocks hold up the most during rough times for the marketNew for subscribers: These Dow stocks hold up the most during rough times for the market Check out CNBCPro and get your first 30 days free.
Source: CNBC - 🏆 12. / 72 Read more »