Stocks sank Thursday as states from Arizona to Florida, North Carolina and Texas and some international markets reported rising coronavirus case counts. Companies like theater chains with the most at stake for a smooth reopening were hit the hardest.
The DJIA had plunge by more than1,700 points, or nearly 6.5%, it’s worst showing since mid-March. The S&P 500 was down well over 5%, with only four stocks in the entire index in positive territory at one pointAMC Entertainment Sees Massive Q1 Losses Of Up To $2.4B On Writedowns In Preliminary Earnings Report
ViacomCBS had lost 3.6%. Tech stocks were all down with Netflix, the premiere stay-at-home stock holding steadier than others, off only 1.5%. Amazon was down 2.6%
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DoubleLine's Gundlach bearish on U.S. dollar, says stocks 'lofty'The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief executive of DoubleLine Capital, said on a webcast presentation on Tuesday. Hmm... wheres the recession that the experts were talking about? Oops.
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These stocks were the most stretched heading into the sell-offFrom a technical perspective, the reversal was bound to happen as the rally in many travel names had gone too far, too fast. Pro ALL Need to know about coronavirus !!! coronaviruses are named after the Latin word 'corona', which means crown, because they ....... COVID19
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Only 4 stocks in the S&P 500 are risingLess than a handful of the more than 500 stocks that make up the S&P 500 Index undefined are trading higher, as the index tumbled 4.4% toward its biggest...
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Stocks spooked, bonds rally on downbeat FedWorld shares took their biggest tumble in five weeks on Thursday as a sobering outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on bets yet more stimulus would be needed to ensure recovery. US pandemic response has been a disaster with deaths and infections are rising, not falling due to Government incompetence and stupidity!! US business only had itself to blame for loving neoliberal ideology, tax cuts and small Gov policies and will suffer the concequences ! Waiting for the first wave
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Retail investors buying beaten-up stocks make for some bizarre trading daysInterest in stay-at-home stocks have reached new heights in the last few days, fueled in part by hopes for a dramatic rebound in the economy. Just stick with the original history of the company and look back for 15 to 20 times earnings Push JC Penny jcp Just wait until it bursts. That's next. I wouldn't be anywhere close to the market. Far more money and greater returns made elsewhere without the sizable risk of the market collapsing.
Source: CNBC - 🏆 12. / 72 Read more »
Global Markets Inch Higher; Chinese Stocks Lag BehindU.S. stock futures crept higher, as did some international indexes, while weaker-than-expected inflation data put Chinese shares under pressure. Weeeeewhuaaa So much bubble hype out there! If you see the bandwagon you’ve already missed it. Fake Numbers bubble
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