Global markets sink despite Fed’s promise of unlimited support for the economy
4 years, 9 months ago

Global markets sink despite Fed’s promise of unlimited support for the economy

CNN  

New York/Hong Kong/London CNN Business — US stocks opened lower Monday andEuropean markets stayed stuck in reverse even after the US Federal Reserve committed itself to creating an unlimited amount of money to prevent the world’s largest economy from plunging into a deep recession. “Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate.” Global stock markets were hammered earlier on Monday after US lawmakers failed to reach agreement on a massive stimulus package meant to help Americans handle the coronavirus pandemic and as authorities around the world took ever more draconian measures to restrict movement and public gatherings. “The rapid spread has triggered unprecedented draconian containment measures,” Stephen Innes, global chief markets strategist at AxiCorp, wrote in a research note. Japan’s Nikkei 225 was an outlier among major global stock markets, gaining 2% after the International Olympic Committee said Sunday it is considering postponing — but not canceling — this summer’s Olympic Games in Tokyo.

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History of this topic

Asian Markets May See Outsized Slump After Fed, Analysts Say
3 weeks ago

Asian Markets May See Outsized Slump After Fed, Analysts Say

Live Mint  

-- Asian stocks and currencies are likely to slide Thursday after the Fed signaled a slower pace of rate cuts at its policy meeting, according to analysts. The region’s sensitivity to dollar movements is likely higher given the rise in US Treasury yields, with currencies including the Korean won and Indonesian rupiah among the most vulnerable, they say. Here’s what …

Wall Street slips, breaking an 8-day winning streak for stocks
4 months, 2 weeks ago

Wall Street slips, breaking an 8-day winning streak for stocks

LA Times  

Pedestrians pass the New York Stock Exchange. It is one of Wall Street’s most influential stocks because a frenzy around artificial intelligence technology has made it one of the U.S. stock market’s most valuable companies at roughly $3 trillion. Expectations aren’t that high this time around, with nearly everyone already in agreement the Fed will begin cutting interest rates next …

Global stock markets tumble with some of the biggest sell-offs since 1987's Black Monday as fears of US recession spook the financial world
5 months ago

Global stock markets tumble with some of the biggest sell-offs since 1987's Black Monday as fears of US recession spook the financial world

Daily Mail  

Global stock markets tumbled on Monday with some of the biggest sell-offs since Black Monday in 1987. The Topix fell 12.2 per cent and the broader Nikkei 225 index plunged an even bigger 12.4 per cent. Futures on the Vix index, a scale which measures expected turbulence in the US stock market, jumped above 65 points today The benchmark Nikkei …

Stock markets crash nearly 3% amid global equity rout, investors lose ₹15 lakh crore in single day
5 months ago

Stock markets crash nearly 3% amid global equity rout, investors lose ₹15 lakh crore in single day

The Hindu  

Stock markets crashed nearly 3% on August 5 due to across-the-board selling in banking, IT, metal and oil & gas shares following a global equity rout, wiping out more than ₹15 lakh crore of investor money in a single day. Investors lost more than ₹15 lakh crore in the market crash as the total valuation of BSE-listed companies dropped to …

Asian stocks routed, European markets slump amid US recession concerns following weak jobs report
5 months ago

Asian stocks routed, European markets slump amid US recession concerns following weak jobs report

Hindustan Times  

Global markets plunged on Friday as a weaker-than-expected U.S. jobs report sparked fears of an impending recession. European market drops amid recession fear Japan’s economy slid back into recession in July-September as uncertainty over the overseas outlook hurt business investment, keeping policymakers under pressure to deploy new stimulus measures to support a fragile recovery. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Over the …

Tokyo stock crash nightmare: Nikkei 225 index sees largest drop IN HISTORY due to fears of a US recession
5 months ago

Tokyo stock crash nightmare: Nikkei 225 index sees largest drop IN HISTORY due to fears of a US recession

Daily Mail  

Nikkei has lost $792.32 billion of market value since July 11 - a 27% drop Tokyo's stock market nosedived more than 12 per cent this morning in the latest bout of sell-offs to shake world markets as investors fret over the state of the US economy. The benchmark Nikkei 225 index suffered its largest points drop in history, plunging 12.40%, …

Fear of recession in the US, Japanese stock market tumble, and a spectre of an Israel-Iran war: Why Nifty, Sensex crashed on Monday?
5 months ago

Fear of recession in the US, Japanese stock market tumble, and a spectre of an Israel-Iran war: Why Nifty, Sensex crashed on Monday?

Op India  

The Indian stock market indices plunged considerably on Monday, August 5, 2024, with Sensex nosediving over 2,500 points while Nifty plummeting over 900 points amidst weaker global sentiments, most notably a potential US recession, Japanese stock market crash, and the spectre of a potential Israel-Iran war have contributed to the mass sell-off. In July, the US unemployment rate increased to …

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
5 months ago

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy

The Hindu  

Japan’s benchmark stock index plunged 12.4% on August 5, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for recession. But after Friday’s jobs report, worries are rising the Fed may have kept its main interest rate at a two-decade high for too long, raising risks of a recession in the …

Japan’s share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street
5 months ago

Japan’s share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Associated Press  

NEW YORK — Japan’s benchmark Nikkei 225 index soared nearly 11% early Tuesday, a day after it set markets tumbling in Europe and on Wall Street. The scary Monday started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. “Those …

Stock market today: Global stocks mixed after strong US factory data prompt Wall St retreat
9 months, 1 week ago

Stock market today: Global stocks mixed after strong US factory data prompt Wall St retreat

Associated Press  

HONG KONG — Global stocks were mixed on Tuesday after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates. China real estate developer Vanke’s Hong Kong-listed shares slumped 12.9% after it reported last week that its 2023 core profit sank 50.6% from a year earlier. Elsewhere in Asia, …

Global market update: US stocks end flat as earnings offset inflation data
11 months, 3 weeks ago

Global market update: US stocks end flat as earnings offset inflation data

Live Mint  

Global market update: Following mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve, US stock market ended flat after trading range-bound throughout the Friday session. Dow Jones index finished 0.31 per cent lower, tech-heavy Nasdaq ended 0.02 per cent higher while S&P 500 added 0.08 per cent. JPMorgan Chase edged 0.73 per …

Global stock markets slump as US data shows economic activity cooling
1 year ago

Global stock markets slump as US data shows economic activity cooling

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top global stock markets slumped …

Global markets today: US stocks rise, yields up, oil falls
1 year, 2 months ago

Global markets today: US stocks rise, yields up, oil falls

Live Mint  

World markets today: In the global markets, the US stocks and the European shares gained as investors remained risk-averse on prospects of escalation in the Middle East conflict. Wall Street US stocks and treasury yields surged on Monday as investors look forward to third quarter earnings. The pan-European STOXX 600 closed 0.2% higher with miners and retail stocks leading sectoral …

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high
1 year, 3 months ago

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high

Live Mint  

Global Market Update: The Dow and S&P 500 were lower on Monday with utilities falling sharply, Nasdaq barely changed as investors weighed the likelihood that the Fed will hold interest rates higher for longer. Majority of US stocks fell alongside oil-and-gas stocks, with 85% of S&P 500 stocks dropping, but gains for Apple and some other influential Big Tech stocks …

Global stocks rise on signs of Fed slowdown
2 years, 1 month ago

Global stocks rise on signs of Fed slowdown

Live Mint  

Global stocks edged up in the wake of Federal Reserve minutes that revealed most officials expect to slow the pace of interest-rate increases. U.S. markets were closed Thursday for the Thanksgiving holiday, after rallying in the previous session following the release of the Fed minutes. Recent economic data, including U.S. purchasing managers’ surveys and jobless claims, were weaker than expected. …

Global markets rattled by Wall Street and China’s zero-Covid pledge
2 years, 8 months ago

Global markets rattled by Wall Street and China’s zero-Covid pledge

CNN  

Hong Kong/London CNN Business — Global markets slid Friday after Wall Street suffered its worst day of the year. They followed stocks in Asia, which sold off as China’s pledge to stick to its zero-Covid policy stoked concerns about the world’s second biggest economy. Hong Kong’s Hang Seng Index tumbled 3.8%, leading losses in Asian markets and logging its worst …

Global stocks and oil prices hit by fears of a Beijing lockdown
2 years, 8 months ago

Global stocks and oil prices hit by fears of a Beijing lockdown

CNN  

Hong Kong CNN Business — Global stocks and oil prices fell on Monday as rising Covid-19 cases in Beijing sparked fears that the Chinese capital could join Shanghai and other major cities in lockdown. “Although some parts of China have been under restrictions longer than Shanghai, Omicron’s arrival in Beijing would be an ominous development,” wrote Jeffrey Halley, senior market …

Global markets brace for a nervous week ahead over new Covid variant fears
3 years, 1 month ago

Global markets brace for a nervous week ahead over new Covid variant fears

CNN  

Hong Kong/London CNN Business — Stocks in Asia fell on Monday while European markets and US futures edged higher as investors continued to digest news about a new Covid-19 variant. European markets rebounded slightly from heavy losses on Friday, when the emergence of the Omicron variant shook global markets. On Monday, it urged countries to accelerate Covid-19 vaccination efforts among …

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” …

Asian markets lower on virus worries after Wall Street slips
3 years, 5 months ago

Asian markets lower on virus worries after Wall Street slips

Associated Press  

BEIJING — Asian stock markets followed Wall Street lower on Tuesday as jitters about the fast spread of the coronavirus’s delta variant dented enthusiasm about strong corporate profits. Investors looked ahead to U.S. jobs data due out this week for signs of the health of the world’s biggest economy. Wall Street’s benchmark S&P 500 index closed lower, weighed down by …

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points
3 years, 5 months ago

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The blue-chip index fell over a massive 164 points, …

Asian markets extend rally amid falling COVID-19 cases; oil prices surge on hopes of rising demand
3 years, 10 months ago

Asian markets extend rally amid falling COVID-19 cases; oil prices surge on hopes of rising demand

Firstpost  

Tokyo was the standout performer, with the Nikkei 225 breaking through 30,000 points for the first time in 31 years Hong Kong: Asian markets rallied again Monday, extending a global advance after another record on Wall Street as traders were cheered by the prospect of a huge new US stimulus as well as further falls in coronavirus infection and death …

World shares turn lower on pandemic concerns, ahead of Fed
3 years, 11 months ago

World shares turn lower on pandemic concerns, ahead of Fed

Hindustan Times  

Stock markets are down Wednesday as investors focus on the Federal Reserve's policy meeting and the outlook for the economy as the coronavirus pandemic rages on. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed worries that troubles with Covid-19 vaccine rollouts and the spread of new variants of coronavirus might delay a recovery …

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 …

Asian stocks sink after China coronavirus resurgence
3 years, 11 months ago

Asian stocks sink after China coronavirus resurgence

Associated Press  

BEIJING — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. The government is testing millions of people in Beijing and some other cities and called on the public to avoid traveling during February’s Lunar New Year holiday. “The resurgence of cases in China, namely in the largest …

Global Stock Markets Slide at End of Record November, Likely to Recover Amid Prospect of Covid-19 Vaccine
4 years, 1 month ago

Global Stock Markets Slide at End of Record November, Likely to Recover Amid Prospect of Covid-19 Vaccine

News 18  

World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic. “It has been a very, very strong month for markets, especially on the equity side but also on the fixed income side too,” said Elwin …

Asian stocks fall amid unease about vaccine development
4 years, 1 month ago

Asian stocks fall amid unease about vaccine development

Associated Press  

BEIJING — Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. Investors are looking forward to a possible vaccine to control the coronavirus following the deepest economic slump since the 1930s, though forecasters warn the stock market rebound might be too early to be sustained. Markets are uneasy about U.S. …

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 …

Markets open weak: Sensex slumps over 400 points, Nifty drops below 9,200-mark; bank stocks slide
4 years, 7 months ago

Markets open weak: Sensex slumps over 400 points, Nifty drops below 9,200-mark; bank stocks slide

Firstpost  

Sensex dropped over 400 points in opening session on Tuesday dragged by losses in index-heavyweights HDFC twins, Reliance Industries and ICICI Bank amid weak cues from global markets. The central Chinese city of Wuhan reported five new cases on Monday, casting doubts over efforts to lower coronavirus-related curbs as businesses restart and individuals went back to work. Asian stocks stumble …

Global markets drop, spooked by China-US row over Covid-19
4 years, 8 months ago

Global markets drop, spooked by China-US row over Covid-19

Hindustan Times  

Shares took a turn for the worse on Monday as tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic rattled investors. The antagonisms threaten to undo the truce in a trade war between Washington and Beijing that was struck just before China began shutting much of its economy down in late January to …

US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed
4 years, 8 months ago

US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed

ABC  

Australian stocks have closed higher, after the US central bank pledged to act "aggressively", as the US economy suffered its worst quarterly slump since the global financial crisis. Key points: The ASX 200 rose 2.4 per cent, led by a surge in the energy sector The ASX 200 rose 2.4 per cent, led by a surge in the energy sector …

World stock markets slide after virus-driven plunge in US retail sales, factory output; dire economic outlook weighs on Asia
4 years, 8 months ago

World stock markets slide after virus-driven plunge in US retail sales, factory output; dire economic outlook weighs on Asia

Firstpost  

World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains Singapore/New York: World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in US retail sales and factory production and increasing gloomy economic outlooks for Asia. US retail sales fell the most on record …

Dow stock market today: US stocks climb higher
4 years, 8 months ago

Dow stock market today: US stocks climb higher

CNN  

The stock market may have bounced back from its worst lows and plenty of bad news is already priced in, but it still might not be the right place to be invested during the coronavirus recession. “Since the third week of March we’ve been very aggressively going from zero exposure to credit to a large overweight in credit,” Alessio de …

Asian stocks rise after Wall Street gains on aid hope
4 years, 8 months ago

Asian stocks rise after Wall Street gains on aid hope

Deccan Chronicle  

Tokyo: Asian markets were mostly higher on Friday after the latest US coronavirus stimulus measures boosted Wall Street overnight. In its latest attempt to ease the economic pain inflicted by the COVID-19 pandemic, the US Federal Reserve said it would pump $2.3 trillion through new lending programmes. The Fed appears to be "on a mission to blow holes in every …

Market Ahead, April 9: Top Factors That Could Guide Markets Today
4 years, 9 months ago

Market Ahead, April 9: Top Factors That Could Guide Markets Today

Business Standard  

To begin with, the SGX Nifty is up over 100 points this morning so a green start seems to be on the cards for Indian indices today. News agency Reuters quoted senior officials saying that the government is poised to announce a second stimulus package in coming days which will be worth around Rs 1 trillion and focus on help …

Oil skids on oversupply fears after delay in Saudi Arabia-Russia negotiations; stocks jump on coronavirus-led slowdown
4 years, 9 months ago

Oil skids on oversupply fears after delay in Saudi Arabia-Russia negotiations; stocks jump on coronavirus-led slowdown

Firstpost  

Investors took solace from the fact that coronavirus cases appeared to be reaching a peak in Europe with Italy seeing the number of patients in intensive care falling for the second consecutive day Sydney: Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a …

Asia markets extend Wall Street losses on coronavirus fears
4 years, 9 months ago

Asia markets extend Wall Street losses on coronavirus fears

Deccan Chronicle  

Hong Kong: Equity markets fell in Asia on Thursday, tracking a sharp drop on Wall Street as the deadly coronavirus sweeps the planet, with the infection rate fast approaching one million and forcing countries to tighten already strict lockdown measures aimed at containing the disease. Donald Trump's COVID-19 task force has warned the US could see almost a quarter of …

Economic fallout from pandemic continues in Asia
4 years, 9 months ago

Economic fallout from pandemic continues in Asia

Deccan Chronicle  

TOKYO: Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. The S&P 500 dropped a final 1.6%, bringing its loss for the first three months of the year to 20% as predictions for the looming recession caused by the coronavirus outbreak got even …

Asia markets surge as US agrees blockbuster stimulus package
4 years, 9 months ago

Asia markets surge as US agrees blockbuster stimulus package

Deccan Chronicle  

Hong Kong: Asian equities soared again Wednesday after US lawmakers finally agreed a mammoth stimulus package to support the world's top economy against the impact of the coronavirus pandemic. While the deadly disease continues to spread, traders have a rare semblance of optimism after weeks of carnage across global markets, with eyes fixed on Washington where lawmakers in the early …

Global stocks sink after Trump promises virus aid
4 years, 9 months ago

Global stocks sink after Trump promises virus aid

Deccan Chronicle  

Beijing: Global stock markets sank wednesday in a third day of wild price swings after President Donald Trump promised aid to get the US economy through the coronavirus outbreak. On tuesday, the S&P rose by an unusually wide daily margin of 6 per cent, regaining just under half the previous day's history-making loss. The FTSE 100 in London dropped 4.3 …

Coronavirus jolts global stock markets
4 years, 9 months ago

Coronavirus jolts global stock markets

Deccan Chronicle  

LONDON: The coronavirus panic is jolting stock markets, with steep drops in major indexes grabbing the public’s attention. This sudden flight to safety is causing havoc in markets for bonds, currency and loans to a degree that hasn’t been seen since the financial crisis of a dozen years ago. Francesco Papadia, who oversaw the European Central Bank’s market operations during …

US Fed’s ‘desperate’ move unnerves global markets
4 years, 9 months ago

US Fed’s ‘desperate’ move unnerves global markets

Al Jazeera  

Despite a steep cut in US interest rates and moves by other central banks to help credit markets, stocks tank. Standing ready Australian shares fell despite the central bank’s announcement that it stands ready to buy government bonds, and injecting $3.6bn into the country’s financial system. “The Reserve Bank stands ready to purchase Australian government bonds in the secondary market …

As Covid-19 Spreads, Listen to the Stock Market—for Now
4 years, 9 months ago

As Covid-19 Spreads, Listen to the Stock Market—for Now

Wired  

Covid-19 was officially declared a pandemic Wednesday, and stocks officially entered a bear market, falling more than 20 percent from their peak just last month. Stock prices reflect expectations of future profits, and investors see the virus dampening economic activity and reducing profits. Apple a few weeks ago announced that it would not meet its forecasts for the current quarter …

Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows
4 years, 9 months ago

Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows

Firstpost  

Many analysts say investors need to remain on guard for further market volatility because the coronavirus still poses a risk to public health in many countries, which could place additional strain on the global economy Tokyo: Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam …

Recovery stalled: Shares fall as US virus measures disappoint
4 years, 9 months ago

Recovery stalled: Shares fall as US virus measures disappoint

Al Jazeera  

Investors expected more from the Trump administration in fighting the coronavirus, ending a brief stock market rally. Asian shares and Wall Street futures fell on Wednesday as growing scepticism about the United States’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. Those gains looked short-lived in early Asian trade, with US stock futures …

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 …

What caused global markets to sink
4 years, 10 months ago

What caused global markets to sink

Deccan Chronicle  

World markets plunged after global oil prices nosedived on fears the global economy weakened by a virus outbreak might be awash in too much crude. Global stock markets and oil prices plunged Monday after a squabble among crude producers jolted investors who already were on edge about the surging costs of a virus outbreak. Already last week, global stocks were …

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 …

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