News Formal

Stock market live updates: Dow futures down 770, airlines slide, Apple drops

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stock market live updates: Gold futures gained more than 2% to around $1,680 per ounce, reaching its highest level since Jan. 23, 2013.

ImbertOil prices are following U.S. stock futures lower as concerns over the coronavirus outbreak took a bite out of global economy growth expectations. West Texas Intermediate futures were down about 4%, on pace for their worst day since Jan. 8, when they dropped 4.9%. U.S. crude also hit its lowest level since Feb. 18. Brent futures were down 4.2% and reached their lowest level since Feb. 13.

"The market is becoming very narrow in terms of stocks that have outperformed the S&P 500 over the last three months," wrote JC O'Hara, chief market technician for MKM Partners, over the weekend. "Currently, this is the smallest group of winners since the 2007 market top." —The Federal Reserve may be forced to cut interest rates this year as worries about the coronavirus keep spreading, according to an Evercore ISI note to clients on Monday.

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 ZA
 

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

top

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Warren Buffett annual letter: Berkshire Hathaway record stock buybacks - Business InsiderBerkshire Hathaway's cash pile was $128 billion at the end of the year. It reached the record amount in the third quarter of 2019. Investing in the pyramid scheme to keep it going
Source: BusinessInsider - 🏆 729. / 51 Read more »

Next stock market crash: Bubble in tech, value to burst, JPMorgan says - Business Insider'This bubble will likely collapse': JPMorgan sounds the alarm on a hugely popular trade that's twice as overstretched as it was before the dot-com crash In the time that I've been 'in the market' as an every day American investor, I have seen bubbles build & pop. Lost a few 100g's in the tech🎈& learned the hard way. Bubbles will build again! Bubbles will blow again! Lil ole can tell u, the pin is about to meet the rubber. BOOM! CLICK BAIT POST Nice paywall. I won’t subscribe to anything now that anonymous micro payments are possible using crypto currency. Get caught up on technology BI and open the door to a whole new readership.
Source: BusinessInsider - 🏆 729. / 51 Read more »