The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.
— Read on www.reuters.com/article/us-usa-stocks/sp-falls-for-seventh-day-suffers-biggest-weekly-plunge-since-2008-crisis-idUSKCN20M34Y
Tag: Dow
U.S. stocks tumble 11% in worst week since crisis – BNN Bloomberg
U.S. stocks tumble 11% in worst week since crisis – BNN Bloomberg
— Read on www.bnnbloomberg.ca/u-s-stocks-tumble-11-in-worst-week-since-crisis-1.1397044
10-year Treasury yield falls to new record low amid coronavirus fears
The 10-year U.S. Treasury yield plunged to a fresh record low on Friday as investors dumped riskier assets and searched for safer options amid the coronavirus outbreak.
— Read on www.cnbc.com/2020/02/28/10-year-treasury-yield-falls-to-new-record-low-amid-coronavirus-fears.html
‘It really reminds me of 1987,’ says longtime strategist Jim Paulsen about this week’s market plunge
Leuthold’s Jim Paulsen said on “The Exchange” that this pullback is similar to the market crash in 1987.
— Read on www.cnbc.com/2020/02/28/it-really-reminds-me-of-1987-says-longtime-strategist-jim-paulsen-about-this-weeks-market-plunge.html
A historically bad weak for the market saw everything except panic
In a market that raced to its fastest correction in history and the worst week since the financial crisis, it’s easy to imagine a frantic dash for the exits in which everyone is selling everything at whatever price they can get.
— Read on www.cnbc.com/2020/02/28/a-historically-bad-weak-for-the-market-saw-everything-except-panic.html
US stocks erase $3.18 trillion in value this week amid coronavirus tailspin
The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices.
— Read on www.cnbc.com/2020/02/28/us-stocks-erase-3point18-trillion-in-value-this-week-amid-coronavirus-tailspin.html
El-Erian says ‘continue to resist’ buying the stock-market dip after virus-inspired plunge – MarketWatch
Economist Mohamed El-Erian sticks to his advice against reflexively buying the dip a day after the stock market suffered its biggest one-day drop in two…
— Read on www.marketwatch.com/story/el-erian-says-continue-to-resist-buying-the-stock-market-dip-after-virus-inspired-plunge-2020-02-25
The Dow just logged its worst 2-day percentage drop in two years — here are 5 reasons the stock market is tanking, and only one of them is the coronavirus – MarketWatch
The U.S. stock market rally is starting to unravel, with a period of historic gains coming to a screeching halt, as fears the coronavirus epidemic may reach…
— Read on www.marketwatch.com/story/the-dow-just-logged-its-worst-2-day-point-slide-in-history-here-are-5-reasons-the-stock-market-is-tanking-and-it-isnt-just-the-coronavirus-2020-02-25
Mario Gabelli says sell-off ‘reminds me of 1987’
Gabelli, the chairman and CEO of GAMCO Investors, said on CNBC’s “Closing Bell” it was unclear how some algorithmic trading strategies and the shift toward ETFs would effect the markets.
— Read on www.cnbc.com/2020/02/25/marco-gabelli-says-sell-off-reminds-me-of-1987.html
Stock market recap Monday: Global markets lose $1.7 trillion, Trump on sell-off, Dow futures bounce
A discussion what is moving markets, including the number of coronavirus cases outside of China spiking.
— Read on www.cnbc.com/2020/02/24/stock-market-today-live.html