The Dow Jones Industrial Average (DJIA) opened in positive territory this Tuesday after plunging by 2.38 percent in the last two daily sessions.
The index bounced by 0.54 percent, or 153.4 points, shortly after the opening bell, its gains led by tech stocks. Apple and Intel both registered early-morning profits after rising 1.4 and 1.3 percent, respectively.
3M (MMM) plunged 4.1 percent after posting weaken-than-expected four-quarter data and revealing details of a restructural plan that would sack 1,500 employees. Dow also held back profits due to weaker performance of other top stocks, including United Technologies (UTX) and Pfizer (PFE).
Dow Jones rebounds to end a five-day losing streak | Source: FT
Cousins of the Coronavirus
The overall recovery for Dow came as investors assessed the events relating to the Coronavirus outbreak.
The escalating epidemic – which is now reported as “contained” – killed about 100 people and contaminated more than 3,000 across China, the US, South Korea, Singapore, Hong Kong, Canada, Singapore, and other countries.
Investors’ concerns were high on China undergoing a severe market downturn in the first quarter against the Coronavirus fears.
It would have left the global market outlook in distress, especially after posting uninterrupted price rallies since October.
The latest update on the virus somewhat reduced the fear of an outbreak. But it did not wade off concerns that were there before the epidemic came into the equation.
Financial Times reported that major indexes like Dow are full of “economically-sensitive” companies, which could negate this year’s risk-on mood.
The global stock market rally remains unexplainable, given the global growth data which has not accelerated in tandem. Mark McCormick at TD Securities cited their tracking model which shows about a 20 percent gap between the growth of MSCI World Equities and Global Purchasing Managers’ Indices.
Analysts at Morgan Stanley added that Dow, as well as S&P 500, fell as a part of a normal downside correction. As the market waits for the earning report of leading US companies, positive data, hopefully, will save the overall market rally.
Dow can further correct as the off-risk market spikes
The Wall Street Journal in its Tuesday report stated that the sudden downswings in Dow and other US indexes have sent investors looking for “safer assets.”
The theme of risk-aversion sent perceived safe-haven Gold 1.23 percent higher this month. That includes gains that came against the backdrop of this Friday’s underperformance of the Dow, the Nasdaq, and the S&P 500.
With Coronavorus fears easing, investors are likely to watch the outcome of FOMC’s monthly meeting on Wednesday. Experts believe that the Fed would likely to remain loose on monetary expansion.
The US central bank is running a pseudo-quantitative program by buying Treasury bills at a rate of $60 billion a month.
Expectations of a slowing down the program could have the Dow and others register a correction (Morgan Stanley thinks in a range of 5 percent). That shows why risk-off sentiment has grown higher over this month, which also saw an escalating geopolitical conflict between the US and Iran.
Even an offbeat asset like bitcoin has registered 22.45 percent gains against the same factors. The post appeared first on NewsBTC. origin »
Over the past few weeks, the larger financial markets have been under serious stress as traditional market stocks and cryptos witnessed a month-long drawdown in September. S&P 500, Dow Jones, and The post Bitcoin outperforms SPX, Dow Jones since Sept 1st; is it still a matter of surprise appeared first on AMBCrypto.
Coinspeaker Amgen, Salesforce and Honeywell to Join Dow Jones in Major ShakedownThe shares of Salesforce. com, Amgen and Honeywell will replace those of Exxon Mobil, Pfizer and Raytheon Technologies respectively in Dow Jones 30 stock listed.
The Dow Jones and broader stock markets will fall by 50% as the coronavirus pandemic deepens, asset manager Unigestion has warned.
The post Dow Jones to Plunge 50% Despite Bounce, Research Warns appeared first on CCN.com
The Dow Jones suffered ferocious volatility on Thursday as Trump pumped oil prices and U.S. unemployment spiraled toward 10%.
The post This Is Why the Dow Jones Was So Ferociously Volatile Today appeared first on CCN.com
The Dow Jones dropped sharply again as bearish investors ignored an avalanche of positive news about the coronavirus outbreak.
The post This Is Why the Dow Jones Suffered Another Grisly Plunge Today appeared first on CCN.com
The Dow Jones Industrial Average closed out Friday’s trading session at 19,000 points, setting a record for the 4th largest single one-month red sell candle in the index’s history. And with Bitcoin recently tightly correlated with the stock market, it could make the cryptocurrency especially vulnerable to another crash. Dow Jones Industrial Average Sets Record...
Coinspeaker Dow Jones Rebouncing, Investors Are BuyingStocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. The Dow Jones Industrial Average jumped 1,238 points, for a gain of 5.
The world is waiting for U. S. markets to open as fears intensify over the ongoing oil price war and coronavirus pandemic. Bitcoin continues to tumble downward amid the uncertainty. Traders are already expecting heavy losses as futures for the Dow Jones, S&P 500, and Nasdaq have all dropped close to 5%.
The Dow Jones plummeted 1,000 points on Thursday as concerns about the coronavirus' impact on consumer spending rocked a nervous stock market.
The post This Is Why the Dow Jones Suffered an Agonizing Crash Today appeared first on CCN.com
Coinspeaker Dow Jones Predicted to Keep Rising as U. S-China Trade Deal Moving ForwardThe Dow Jones Industrial Average hit a new all-time high yesterday. There are a few reasons why the Dow might be poised for bigger wins.
Coinspeaker Dow Jones Jumps after U. S. -China Trade Deal UpdatesAs a direct reaction, the Dow Jones Industrial Average index added 100 points at 4:15 am ET, mostly powered by strong returns for shares of JPMorgan Chase and Cisco Systems.
The Dow Jones managed to climb above 28,000 on Friday. The last 120 years has shown that the Dow moves in cycles but has always managed to print record highs. The current bull market has entered its 120th month, and one Fed official believes that the economy has more muscle.
The Dow Jones Industrial Average closed completely unchanged on Tuesday after breaking records on Monday. The Dow ended flat despite action on trading day, including President Donald Trump giving a pivotal speech in New York.
The stock market is getting pummeled today, with the major indices down about 1. 5%, and the Dow Jones down 444 points. There’s a lot of talk about what’s behind the Dow Jones selloff.
Following the unexpected decision of U. S. President Donald Trump to consider establishing a partial trade deal with China ahead of the new round of trade deal talks, the Dow Jones increased by around 500 points within three days.
It’s Friday the 13th – not to mention the fact that there’s a full moon tonight – and one Dow Jones stock has investors feeling very afraid. McDonald’s has fallen sharply over the last week, shedding 5% of its value since last Friday.
It's Friday the 13th – not to mention the fact that there's a full moon tonight – and one Dow Jones stock has investors feeling very afraid. McDonald's has fallen sharply over the last week, shedding 5% of its value since last Friday.
By CCN Markets: Since July 15, the Dow Jones has dropped from 27,359 points to 26,403 points, by nearly 1,000 points within a two-month span. The Dow Jones is down by merely 3. 5 percent from its record high achieved in July and is up 16.
The Dow Jones soared toward a major resistance level on Thursday, even after weak pending home sales data threatened to dent the buoyant mood. While investors cheered China’s measured rhetoric on the trade war, US economic fundamentals continue to suffer from uncertainty, keeping the Dow locked in a stifling long-term sideways range.
The Dow Jones shrugged off an opening-bell dive to rally back into the green on Wednesday. Appetite for stocks continues to look firm, as bulls enjoyed an oil price boom and chose to ignore another inversion in the US yield curve.
By CCN: Following the imposition of additional tariffs by the U. S. and China, the Dow Jones has declined slightly from 26,592 points to 25,585 points, by less than 4 percent in the past month. Dow Jones has performed well but that’s an illusion: local analyst The Dow Jones and the rest of the U.
By CCN: The Dow Jones surged on Tuesday after the US government rolled back a handful of minor restrictions on Huawei. But traders are recklessly missing the bigger picture. Former US ambassador Curtis Chin warned this morning that the trade war with China would “get worse before it gets better” as Xi Jinping battles to “show he’s in charge.
By CCN: To say that Trump’s trade tussle against China is hurting the stock market would be a gross understatement, as the president’s inflammatory rhetoric has clobbered the Dow Jones Industrial Average.
Over the weekend, negotiators of the U. S. and China have reportedly made “new progress” in their recent round of discussions, touching specifically on the protection of intellectual property. Enthusiasm over this development could propel the Dow Jones toward a new all-time high following Monday’s market open.
Since January 3, within a one-month span, the Dow Jones Industrial Average has recovered from 22,682 points to 25,102 points, by more than 10 percent. It has been a stunning 30 days for the Dow Jones, which was at risk of entering a bear market after falling by 19 percent from its all-time high.
The U. S. stock market extended its rally Friday after better than expected jobs data suggested that the impact of a partial government shutdown on the economy was largely overblown. Dow Surges Past Major Milestone All of Wall Street’s major indexes traded higher on Friday, reflecting a mostly upbeat pre-market for U.
Neither the Dow nor the bitcoin price looked keen on making a bold entry into February early Friday morning, as both the US stock market and cryptocurrency sector reflected on their uneven performances in January.
Just like common Joes and Jills, politicians, economists, and bigwigs in the upper echelons of society are subject to whims. This was only accentuated on Wednesday, as the world’s most powerful economic body revealed that it would be taking a step in a new direction, pushing gold and stocks much higher.
JPMorgan analysts say Bitcoin appeal only exists in a dystopian environment. The Wall Street giant also believes Bitcoin isn’t a safe haven despite outperforming the S&P and Dow Jones over the past decade.
CoinSpeaker
Netflix Stock Leads the FAANG Pack, Could Make or Break the Internet-Stock Rebound
Dow Jones futures fell Monday morning, along with S&P 500 futures and Nasdaq futures, even with U.
CoinSpeaker
Cryptos Wouldn’t Even Dream It: See What You’d Have if You Invested $1k in Netflix in 2007
Yesterday three major U. S. indices were solidly in the green. The Dow Jones was up more than 200 points and Goldman Sachs put earnings estimates to shame reporting a net interest income increase of 10% YOY for the quarter, and 28% for the full year.
On January 14, 2019, it was reported that the Volatility Index (VIX) is under investigation by the SEC and CTFC for possible market manipulation. This is as a response to the Feb 5 Dow Jones Crash that saw billions in losses for investors.
The US stocks opened Wednesday on a higher note as President Donald Trump signaled positive outcomes of their trade talks with China. The Dow Jones Industrial Average jumped 0. 5 percent to 23902 points after adding 115 points while the S&P 500 gained 0.
Уолл-стрит, который завершил 2018 год так плохо, что по всем отраслевым ETF наблюдалась отрицательная доходность, в начале года смог выкарабкаться и показать прирост. Рост рынка криптовалют совпал со знаменательным событием.
According to Mohamed El-Erian, the chief economic adviser at Allianz SE, says that the Dow Jones could experience wild fluctuations in the coming months. Although many other investors believe that we might experience a recession in the near future, El-Erian considers that these concerns are exaggerated. The US economy will continue to grow during 2019, […]
In Typical Fashion, UBS Managing Director Art Cashin Blames POTUS Trump for Dow Jones Troubles In what has seemingly become everyone’s go-to move these days, Art Cashin, MD for investment firm UBS Financial Services, has recently gone on record to blame President Trump for the stock market volatility that has been behind the latest Dow […]
Bitcoin (BTC) Trading [Somewhat] In Step With The Volatility Index Although Bitcoin (BTC) remains just hundreds of dollars away from its yearly low, the flagship crypto asset has regained boatloads of volatility in recent weeks.
What a comeback! Yesterday, the US stock market experienced what can only be described as a face-ripping rally. One trading day after the US indices officially entered a bear market the Dow Jones soared 1086 points, it’s biggest single-day gain ever.
Dow Jones Could Soon Enter A Bear Market Traditional financial markets are experiencing a very bad end of the year. The Dow Jones has fallen around 18.77% in just a few months. It achieved an all-time high of 26,828 points back in October and it fell down to 21,792 on December 24, registering an intraday […]
CoinSpeaker
Crypto Market Recovers Amidst Dow Jones Crash
As several equity market indices crash out, the crypto market makes a major recovery with overall market valuation growing by 50% in last one week.
Crypto Market Recovers Amidst Dow Jones Crash
Boeing, the world’s largest aerospace industry player and a Dow Jones index constituent, has extended its partnership with SparkCognition to create a new venture.
Цена биткоина падает, за неделю он обвалился на четверть и торгуется на уровне $4,5 тысяч.
Продолжается снижение в цене Ethereum - до $132. За последние сутки подрос только Bitcoin Cash (BCH) с $214 до $233.
Cryptocurrency inventor, fund partner and advocate Max Keiser is predicting new all-time Bitcoin price highs as the stock market tumbled again this week. Bitcoin to ‘New All-Time High’ as Stock Market Slumps A drop in share prices for both Goldman Sachs and Apple has equated to an approximately 160-point loss for the Dow Jones November 12, leading Keiser to suggest the index could collapse to below the significant 10,000 barrier in future.
The month of October was an interesting time period for the cryptocurrency. The stock market in the US dropped by quite a bit, while cryptocurrencies, and especially Bitcoin, continued to hold their ground.
BTC Inc, the parent company of Bitcoin Magazine, is excited to announce the hiring of Andrew Fleming to be the new head of its media division. The addition of Fleming to BTC Inc’s management roster is the latest example of an emerging trend of big-name talent leaving institutions in order to join the crypto and blockchain industry.
Dow Jones has seen one of its most volatile day after recovering slightly yesterday to then only shed its gains, closing down 245 points to now 24,442. The index of...
The post President Trump Tweets Bullish Stock Commentary While Dow Sees High Volatility, Cryptos Stable appeared first on Trustnodes.
You’ve heard of the Dow Jones Industrial Average, the NASDAQ Composite and the S&P 500. There are also crypto indices, like those by Coinbase and Galaxy Digital. And now there’s one more.
Red greets Dow Jones this October in one of the worst month since the banking collapse with the index of America’s biggest companies now down nearly 10%. The word panic...
The post Cryptos Stable While Stocks Sell-Off Continues Around the Globe appeared first on Trustnodes.
Цена первой криптовалюты продолжает торговаться в узком диапазоне на фоне падения основных фондовых индексов. За последние сутки основные индикаторы глобальной экономики, такие как S&P 500, Dow Jones Industrial Average и Nasdaq и т.
The Dow Jones struggled on Tuesday as Monday's huge rally slowed amid risks of a setback as states reopen without a coronavirus vaccine.
The post Dow Jones Struggles as Wall Street Frets About a Coronavirus Setback appeared first on CCN.com
Investors are way too bearish on the stock market which is a screaming contrarian indicator. Stocks could be about to make another move up.
The post The Dow Jones Can Shatter All-Time Highs – Thanks to One Simple Reason appeared first on CCN.com
Stocks rallied yesterday on Moderna's Covid-19 vaccine trial breakthrough, but health experts say it won't arrive in time to prevent a second wave of the virus.
The post Dow Futures Fade Because Vaccine Won’t Stop Virus Second Wave appeared first on CCN.com
The Dow Jones soared nearly 1,000 points on coronavirus vaccine news that Donald Trump gushed was "staggeringly good."
The post This Is Why the Dow Jones Surged Nearly 1,000 Points Today appeared first on CCN.com
Significant overvaluation and fears of a second-wave of coronavirus are making investors nervous about the stock market.
The post Billionaire Investors Aren’t the Only Ones Predicting a Stock Market Crash appeared first on CCN.com
The Dow Jones took a hit on Friday as retail sales showed just how weak consumer spending has gotten in the United States.
The post Dow Sputters as Devastating Data Crushes Economic Optimism appeared first on CCN.com
