U.S. Stocks Open Lower Despite Central Banks’ Action

By Caitlin Ostroff and Xie Yu Updated March 19, 2020 9:32 am ET U.S. stocks slipped on Thursday, deepening the market turmoil even as the Federal Reserve and European Central Bank introduced fresh measures to protect the global economy from the impact of the coronavirus pandemic.

“The financial system is just showing so many points of stress that it’s hard for any single measure to restore investor confidence,” said Altaf Kassam, head of investment strategy for State Street Global Advisors in Europe, the Middle East and Africa. “When you have whole economies or whole populations shut down, it is going to have a massive economic effect and no one knows how long that will go on for.

The ICE U.S. Dollar Index, which tracks the currency against a basket of others, climbed 1.1% to its highest level in over three years. European equities remained under pressure, even as Italian and Greek stocks rallied. German businesses became more gloomy about their prospects in March, with manufacturers experiencing the biggest loss of confidence in 70 years, according to a survey conducted by the Ifo economic think tank. Stocks in Germany dropped, helping push the pan-continental Stoxx Europe 600 gauge 0.5% lower.

Trump manipulates markets by ordering the child of saudi arabia to face-off Russia where he benefits from losses to china and europe while collecting cheep oil...hmm!

how does amazon not crush all customer facing retail in this environment?🤔🤔🤔

There isn't much central banks can do when faced with economic problems arising from a pandemic and the associated national and international lockdowns. No matter how much money is printed or interest rates are reduced to zero. This is the real Force Majeure.

another great depression is scoming

关了吧

Timber! Pull everything out and have fun. We’re finished. Dow 5,000 by summer, probably earlier.

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.

Tesla's Fremont plant will stay open despite Bay Area lockdown order - Business InsiderTesla CEO Elon Musk has drawn criticism for downplaying the coronavirus, including saying the chances of dying in a car accident were much higher. While Tesla finally got it right, the CEO of PanasonicAero in Foothill Ranch, CA believes that 'essential' means what's essential to their bottom line, not what's essential to the safety of the community or their employees. Narcissism? Or Sociopathy?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Top forecaster who exited stocks weeks ago predicts ‘rolling bear markets’ until 2022'After 10 years of being on steroids, I’d say this market is very fragile. I was looking for something to turn the bull market out. The virus was the needle that pricked the bubble.' Lol experts were wrong for years now say I told you so due to a virus that literally is shutting down the economy? It’s not a popped bubble, companies are literally not working The stock market was not similarly affected by Spanish Flu. Likely a comorbidity of factors causing market to drop & dead cat bounce. All humans on planet are taking actions collectively in a manner that is unprecedented. How do we utilize effectively to reverse fall in stocks?
Source: MarketWatch - 🏆 3. / 97 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 »