Stock futures dipped in overnight trading on Tuesday as the markets remained highly volatile with the government response to the coronavirus fallout unfolding. Futures on the Dow Jones Industrial Average fell about 150 points, pointing to a 300-point loss at Wednesday’s open. The S&P 500 futures were also down. Stocks rebounded Tuesday from their deepest
Month: March 2020
Some of the hottest stocks of the last couple years have been hit especially hard in this coronavirus market collapse as investors shed all risk taking. Cult trend stocks of the bull market, such as cannabis and alternative meat, are plunging even more than the rest of the U.S. market. In fact, five of the
U.S. President Donald Trump speaks while flanked by Secretary of the Treasury Steven Mnuchin (R) during a briefing about the coronavirus in the press briefing room at the White House on March 17, 2020 in Washington, DC. Drew Angerer | Getty Images Taxpayers will get a three-month reprieve pay the income taxes they owe for
A man in a surgical mask walks through Manhattan’s Broadway Theatre district after Broadway shows announced they will cancel performances due to the coronavirus outbreak in Manhattan, New York City, New York, U.S., March 12, 2020. Andrew Kelly | REUTERS This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All
The outside of Nordstrom’s men’s store in New York, which opened in April 2018. Source: Nordstrom Nordstrom is closing all of its stores temporarily to try to curb the spread of COVID-19. The retailer has also withdrawn its 2020 earnings outlook, due to the uncertainty of the situation. Nordstrom said it has experienced “a broad-based
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images 8:30 am: Treasury yields rebound just sightly Treasury yields climbed a tad Tuesday morning as investors sought more details on fiscal stimulus from the
CNBC’s Jim Cramer said Tuesday that he would advise investors to sell troubled stocks on any market bounces rather than trying to find stocks to buy on market declines. “It’s really the opposite of buy the dips,” Cramer said “Squawk on the Street.” “I only think you sell lower quality.” Following Wall Street’s worst day
Tourist admiring the Perito Moreno glacier, Argentina. © Marco Bottigelli Travel deals are emerging amid the chaos of the global coronavirus outbreak. Many people are probably wondering if now is the right time to buy, whether for an out-of-town jaunt or a big summer vacation. The short answer is that it’s not worth it right
European markets opened higher Tuesday with the fast-spreading coronavirus putting the continent in shutdown mode and fueling fears of an impending recession. The pan-European Stoxx 600 climbed 2.7% at the start of trading, autos adding 5% to lead gains as all sectors except travel and leisure entered positive territory. Europe’s lockdown over the coronavirus continues
With stocks nosediving again, Wall Street strategists are mostly punching in the dark because of the uncertainty surrounding the coronavirus outbreak and economic impact. But they are giving clients some idea of what needs to happen for stocks to eventually bottom here. Stocks plunged on Mondayt even after the Federal Reserve’s emergency move to ease lending
Health professionals stand at the entrance to the floor of the New York Stock Exchange to check the temperature of everyone entering on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The country may be prepared to shut its schools, concerts, sporting events, shops, and even
Bettmann | Getty Images It’s natural to want to strengthen your safety net in an emergency. For many, that means having extra cash on hand, whether that’s in the bank, in your wallet or both. That’s especially relevant now, as news headlines change by the minute. Meanwhile, the Federal Reserve cutting interest rates to near
Workers work at a vehicle chair manufacture factory in Lintong District of Xi’an, northwest China’s Shaanxi Province, Feb. 26, 2020. Xinhua | Liu Xiao | Getty Images This is a live blog. Please check back for updates. Global cases: At least 168,019, according to the latest figures from the World Health Organization Global deaths: At
Traders and financial professionals work during the opening bell on the floor of the New York Stock Exchange (NYSE), May 14, 2019 in New York City. Drew Angerer | Getty Images Stock futures traded higher on Monday night after Wall Street suffered massive losses earlier in the day amid concerns over the economic blow from the
A grizzly bear roams through the Hayden Valley in Yellowstone National Park in Wyoming. Jim Urquhart | Reuters The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession, based on a history of past declines around
Another wrinkle for the travel industry may emerge as the novel coronavirus, or COVID-19, continues its rapid spread across the country: airline passengers who don’t have proper identification to fly domestically beginning in October. At least two states have now asked the federal government to delay the enforcement date for when travelers must comply with
A shopper walks through a near-empty shopping mall. Source: Getty Images President Donald Trump and Capitol Hill are working on multiple fronts to make sure the U.S. Small Business Administration has the ability to offer small business owners across the U.S. as much as $50 billion in loans to stay afloat during the widening economic shutdown
Britain’s Prime Minister Boris Johnson leaves Downing Street on his way to Buckingham Palace after the general election in London, Britain, December 13, 2019. Thomas Mukoya | Reuters U.K. Prime Minister Boris Johnson told the country on Monday to avoid all non-essential contact, after coming under fire for not doing more to stem the spread
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:47 am: IMF says it’s ready to ‘mobilize its $1 trillion lending capacity’ to fight coronavirus The International Monetary Fund on Monday said it “stands ready” to
Pedestrians pass a JPMorgan Chase & Co. bank branch near the New York Stock Exchange in 2018. Bloomberg | Bloomberg | Getty Images JPMorgan Chase is telling all its employees globally to work from home if possible. The New York-based bank, which has 256,981 workers and operates in 60 countries, is expanding on a policy it
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