Walmart bucked the broader market's trend on Monday, trading positive amid the broader market's selloff. Walmart is the only stock in the Dow Jones Industrial Average that's in the green. Lower gas prices means more hands in the money of consumers, which could boost foot traffic and sales at a major consumer company like Walmart. Plus, the big box retailer might get relief on what it pays suppliers to get goods to and from its stores. Walmart last traded up 0.25%.
briefly touched an all-time low of 0.318%. Low interest rates can hurt bank's net interest margins. —Stocks reopened after halting for 15 minutes following the S&P 500 hitting a threshold triggering the circuit breaker. The S&P 500 fell more 7%. The Dow Jones Industrial Average fell 1,980 points and the Nasdaq Composite fell 7.3%.
The three major averages are close to intraday bear market territory, meaning they would be 20% from their 52-week high. The S&P 500 is down 17.8% for its 52-week high. The Dow is 19.1% off its most recent high and the Nasdaq is 18.8% off its high. —The S&P 500 fell 7% shortly after the open, triggering the circuit breaker meaning it's now halted. Stocks will be halted for 15 minutes.Stocks cratered at the open with all major averages down more than 6%.
The 10-year yield, in particular, holds outsized importance in the U.S. economy for its use as a benchmark for mortgage rates and auto loans. That rate was above 1.5% as recently as mid-February. —
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Manny6Manny It's time to use that XRP on demand liquidity to unlock dormant capital in the nostro/vostro.
it's not a pandemic, it a media-driven panic
Market 'Halted?' Isn't this Socialistic Interference in Free Market Capitalism? Allow the 'Invisible Hand' of Capitalism do it's MAGIC! Or Damage!
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