Stocks Nosedive Amid Concerns About New COVID-19 Variant
3 years, 1 month ago

Stocks Nosedive Amid Concerns About New COVID-19 Variant

Huff Post  

LOADING ERROR LOADING NEW YORK — Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. The World Health Organization called the variant “highly transmissible.” The price of oil fell about 13%, the biggest decline since early in the pandemic, amid worries of another slowdown in the global economy. “A new, more dangerous, virus wave could cause some workers to temporarily exit the workforce, and deter others from returning, making current labor shortages worse.’’ The variant also puts more pressure on central banks that are already faced with a dilemma: whether and when to raise interest rates to combat rising inflation. “The threat of a new, more serious, variant of the virus may be a reason for central banks to postpone plans to raise interest rates until the picture becomes clearer,’’ Shearing said.

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History of this topic

Wall Street drops as Apple, Tesla weigh on indexes
2 years ago

Wall Street drops as Apple, Tesla weigh on indexes

Live Mint  

Wall Street's main indexes fell on the first trading day of the year following declines in Apple and energy stocks, with investors awaiting the Federal Reserve's meeting minutes for further clarity on the path of future interest rate hikes. Most of the major S&P 500 sectors were in the red, with information technology stocks pulled lower by a 3% drop …

Business Highlights: Volatile stocks, consumer confidence
2 years, 11 months ago

Business Highlights: Volatile stocks, consumer confidence

Associated Press  

___ Stocks end lower on Wall Street after another volatile day NEW YORK — Stocks closed lower on Wall Street Tuesday after another volatile day of trading. — U.S. consumer confidence declined this month as Americans became slightly less optimistic about their near-term financial prospects amid persistent inflation and the highly contagious omicron variant of the coronavirus. ___ GM to …

U.S. stocks sink on new COVID variant; Dow loses 905 points
3 years, 1 month ago

U.S. stocks sink on new COVID variant; Dow loses 905 points

The Hindu  

Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. The World Health Organization called the variant “highly transmissible.” The price of oil fell about 13%, the biggest decline since early in the pandemic, amid worries of another …

Stocks sink on new COVID variant; Dow loses 905 points
3 years, 1 month ago

Stocks sink on new COVID variant; Dow loses 905 points

Associated Press  

NEW YORK — Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. The World Health Organization called the variant “highly transmissible.” The price of oil fell about 13%, the biggest decline since early in the pandemic, amid …

Global markets: Stocks and oil plunge on new Covid variant fears
3 years, 1 month ago

Global markets: Stocks and oil plunge on new Covid variant fears

CNN  

Hong Kong/London CNN Business — Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. South Africa’s health minister said Thursday that a new coronavirus variant appears to be spreading rapidly in parts of the country. UK Health Minister Sajid Javid said the variant “may be more transmissible” …

Midcap and smallcap stocks bleed again today. What’s triggering the sudden selloff?
3 years, 4 months ago

Midcap and smallcap stocks bleed again today. What’s triggering the sudden selloff?

Live Mint  

Midcap and smallcap stocks continued to trade with sharp cuts on Wednesday, dragging the Nifty Midcap index and Smallcap index over 2% lower. The broader market witnessed the sudden selling in Tuesday's session also, which the market participants attributed to profit-booking and also, the new BSE rule on additional surveillance that intends to curb excessive price movement in securities listed …

Tech leads stocks lower in early trading on Wall Street
3 years, 11 months ago

Tech leads stocks lower in early trading on Wall Street

Associated Press  

NEW YORK — Tech companies are leading stocks lower in the early going on Wall Street, including a steep drop in IBM after the company reported disappointing revenue in the latest quarter. European stocks fell following a weak reading on that region’s economy, and Asian markets fell after a resurgence of coronavirus infections in China. BEIJING — Global stock markets …

Stocks open higher on Wall Street on more good vaccine news
4 years, 1 month ago

Stocks open higher on Wall Street on more good vaccine news

Associated Press  

NEW YORK — Encouraging news on a second possible coronavirus vaccine sent stocks higher in early trading on Wall Street, following gains in overseas markets. Stock markets jumped higher on Monday on news that a second coronavirus vaccine showed promise, bolstering hopes even as new infections surged around the world. Even before the vaccine news, markets had been trading higher …

Wall Street update: US stocks slip on COVID-19 concerns
4 years, 1 month ago

Wall Street update: US stocks slip on COVID-19 concerns

Live Mint  

Futures tracking the S&P 500 and Dow fell on Thursday as US coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry …

World Shares Slip On Doubts Over Covid-19 Vaccines, Impending Outbreaks
4 years, 1 month ago

World Shares Slip On Doubts Over Covid-19 Vaccines, Impending Outbreaks

News 18  

World stocks fell back on Thursday after an overnight comeback by big technology shares that have thrived during the pandemic. Vaccine trades reversed to give way to stay home’ trades,” as shares of technology companies and others that do well when people stay home and work remotely rallied, Mizuho Bank said in a commentary. But it added, Fact of the …

Asian shares mostly higher as focus shifts to virus recovery
4 years, 1 month ago

Asian shares mostly higher as focus shifts to virus recovery

Associated Press  

Shares were mostly higher Wednesday in Asia after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal. The flashpoint for all the moves was Monday’s announcement from Pfizer that a potential COVID-19 vaccine it’s developing with German partner BioNTech may be 90% effective, based on early but incomplete test results. Energy …

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine
4 years, 2 months ago

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine

Huff Post  

A stock ticker with Pfizer stock information is shown at the New York Stock Exchange, Monday, Nov. 9, 2020. ASSOCIATED PRESS NEW YORK — Stocks are surging Monday, catapulting Wall Street back to record heights, on a burst of hope following encouraging data about a potential COVID-19 vaccine. The S&P 500 was 3.3% higher in morning trading after Pfizer said …

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share
4 years, 4 months ago

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share

Live Mint  

The S&P 500 and the Nasdaq scaled new heights on Monday, boosted by technology mega-caps and U.S. approval for the emergency use of blood plasma in treating COVID-19 patients. Apple Inc gained 2.7% to cross $500 per share for the first time, providing the biggest boost to the three main stock indexes. Facebook Inc, Amazon.com Inc, Microsoft Corp and Google-parent …

Big tech stocks could fall sharply if there’s a vaccine
4 years, 5 months ago

Big tech stocks could fall sharply if there’s a vaccine

CNN  

New York CNN Business — Hopes are growing that a Covid-19 vaccine is coming. But Goldman Sachs thinks a vaccine might actually upend the stock market, which has continued to rally despite worries about a rise in cases in several key states. While a vaccine could boost the United States economy, it could also spur investors to dump the current …

Stocks sink as virus cases jump, forcing states to backtrack
4 years, 6 months ago

Stocks sink as virus cases jump, forcing states to backtrack

Associated Press  

Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The number of confirmed new coronavirus cases per day in the U.S. has hit an all-time high of 40,000, eclipsing the mark set during the deadliest stretch in late …

Stock market plunge: Dow plunges 1,000 points on fears of coronavirus second wave
4 years, 6 months ago

Stock market plunge: Dow plunges 1,000 points on fears of coronavirus second wave

CNN  

New York CNN Business — The runaway train on Wall Street has been derailed by a force nearly as powerful as easy money: a healthy dose of reality. “The rally in the stock market from the March 23 lows was simply overdone,” said David Kelly, chief global market strategist at JPMorgan Funds. “Mass unemployment is going to be the primary …

Covid-19: Warren Buffet’s Berkshire Hathaway slashes Goldman Sachs’ stake
4 years, 7 months ago

Covid-19: Warren Buffet’s Berkshire Hathaway slashes Goldman Sachs’ stake

Hindustan Times  

Warren Buffett’s Berkshire Hathaway Inc said on Friday it has sold much of its stake in Goldman Sachs Group Inc, despite the billionaire’s assurance that the banking sector was not a “primary worry” for him during the coronavirus pandemic. Goldman Sachs’ stock price fell about 33% during the quarter, and some of Berkshire’s selling appears to have occurred after the …

Fear of coronavirus second wave stalks stock markets
4 years, 7 months ago

Fear of coronavirus second wave stalks stock markets

India Today  

Asian shares recovered early losses and crept into positive territory on Wednesday, but stock futures pointed to a lower European open as worries about a slow economic recovery from the coronavirus weighed on global sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan erased an early decline and rose 0.3 per cent. US stock futures, the S&P 500 e-minis, rose …

Stocks rise on hope that worst of economic plunge has passed
4 years, 8 months ago

Stocks rise on hope that worst of economic plunge has passed

India Today  

Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week. Japan's benchmark Nikkei 225 jumped 2.6 per cent to 20,179.09 in afternoon trading, helped partly by local media reports about fresh government aid to ride out the pandemic. Hong Kong's Hang Seng …

Sensex tumbles over 500 points in early trade, Nifty slips below 9,200-level; Bajaj Finance top laggard, sheds up to 5%
4 years, 8 months ago

Sensex tumbles over 500 points in early trade, Nifty slips below 9,200-level; Bajaj Finance top laggard, sheds up to 5%

Firstpost  

The benchmark indices opened in the red in the opening session of the stock markets on Friday-24 April. Shares fell over 1 percent tracking weak global markets, after US data underscored the economic damage caused by the coronavirus pandemic and reports that an experimental drug to treat COVID 19 showed inconclusive results. Sensex tumbled over 500 points in early trade …

Investor warned clients about coronavirus and markets collapse, says stocks aren't close to a bottom
4 years, 9 months ago

Investor warned clients about coronavirus and markets collapse, says stocks aren't close to a bottom

Daily Mail  

An investor who warned his clients ahead of time about his concerns over the coronavirus and its eventual impact on global markets before the S&P 500 plunged 30 per cent says stocks may be heading for another significant drop. Hedge fund manager Dan Niles warned his clients ahead of time about his concerns over the coronavirus and its eventual impact …

Why stocks have further to fall amid the coronavirus pandemic
4 years, 9 months ago

Why stocks have further to fall amid the coronavirus pandemic

ABC  

If ever you needed convincing that financial markets have become completely divorced from reality, just look at the events of last week. The performance, based on the hope that central banks and government stimulus would insulate financial markets from a global economic downturn, was more BS than bull. The wild ride on global markets last week, following a month of …

Coronavirus melts stock markets; investors' wealth plummets over Rs 10 lakh crore in first hour of trade
4 years, 9 months ago

Coronavirus melts stock markets; investors' wealth plummets over Rs 10 lakh crore in first hour of trade

Firstpost  

Investor wealth plummeted by over Rs 10 lakh crore in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10 percent New Delhi: Investor wealth plummeted by over Rs 10 lakh crore in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10 percent. …

Indian stocks extend fall as coronavirus threatens fragile economy
4 years, 9 months ago

Indian stocks extend fall as coronavirus threatens fragile economy

Hindustan Times  

India’s benchmark stock index slumped on Monday after entering into a bear market last week amid concern that the novel coronavirus outbreak can threaten the nation’s already fragile economy. India NSE Volatility Index, the stock market’s fear gauge, is hovering around levels not seen since 2008, signaling market turbulence will likely persist. Strategist Views India stocks are “still far from …

Dow Dives 1,400 Points, Entering Bear Market, As Coronavirus Fears Grow
4 years, 9 months ago

Dow Dives 1,400 Points, Entering Bear Market, As Coronavirus Fears Grow

NPR  

Dow Dives 1,400 Points, Entering Bear Market, As Coronavirus Fears Grow Enlarge this image toggle caption Timothy A. Clary/AFP via Getty Images Timothy A. Clary/AFP via Getty Images Updated at 5:18 p.m. The meant that the blue chip index entered bear market territory, ending its 11-year winning streak. Economy Administration, Congress Consider Coronavirus Stimulus As Dow Enters Bear Market Administration, …

U.S. stocks trade halted for 15 minutes after bruising open
4 years, 10 months ago

U.S. stocks trade halted for 15 minutes after bruising open

The Hindu  

Trading on Wall Street was temporarily halted early on Monday as U.S. stocks joined a global rout on crashing oil prices and mounting worries over the coronavirus. After two difficult weeks amid rising worries over the virus, markets appeared to enter a new phase of worry early on Monday after oil producers failed to reach an agreement on a pact …

Stocks Plunge Amid Coronavirus Outbreak, Triggering Wall Street Trading Halt
4 years, 10 months ago

Stocks Plunge Amid Coronavirus Outbreak, Triggering Wall Street Trading Halt

Huff Post  

LOADING ERROR LOADING The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. AP’s earlier story follows below: Coronavirus fears and a crash in oil prices sent a shudder through financial markets Monday, with stocks plummeting …

Look out! Stocks nosedive on oil price war and coronavirus fears
4 years, 10 months ago

Look out! Stocks nosedive on oil price war and coronavirus fears

Al Jazeera  

Trading was halted in US stocks after the S&P 500 cratered seven percent at the open of trading in New York. United States stock markets nosedived on Monday, triggering circuit breakers to halt trading as the double-punch of crashing oil prices and the worsening global coronavirus outbreak pummelled investor confidence to the point of panic. The broader S&P 500 stock …

US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads
4 years, 10 months ago

US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads

CNN  

Hong Kong/New York/London CNN Business — Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in crude prices in nearly 30 years, fueling panic triggered by the escalation of the coronavirus epidemic. The kingdom is trying to retake global market share after Russia refused Friday to go along with OPEC’s …

FTSE 100 and other global stocks plummet again on coronavirus fears
4 years, 10 months ago

FTSE 100 and other global stocks plummet again on coronavirus fears

CNN  

Hong Kong / London CNN Business — Global stock markets plummeted for a seventh consecutive day on Friday as the coronavirus continued to spread, increasing fears that the epidemic will wipe out corporate profits and push some of the world’s biggest economies into recession. China’s Shanghai Composite closed down 3.7%, bringing losses forthe week to 5.6%, the index’s worst performance …

Virus outbreak stalks markets as 2020 gains get wiped out
4 years, 10 months ago

Virus outbreak stalks markets as 2020 gains get wiped out

Associated Press  

LONDON — Global shares fell sharply once again Wednesday as fears over the speed of the new coronavirus around the world accentuated. With the spread around Europe gathering pace — Greece became the latest country to reveal its first case — investors are getting increasingly concerned about how long it will take for the world to bring the outbreak under …

US markets tumble as coronavirus fears mount
4 years, 10 months ago

US markets tumble as coronavirus fears mount

Live Mint  

US stock indexes fell about 1% on Thursday, dragged down by technology heavyweights, as investors fretted over a rise in the cases of coronavirus and its economic impact. Some traders pointed to a Global Times report that said a central Beijing hospital reported 36 new cases as of Thursday, sparking a fresh wave of selling in late morning trade. Investors …

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