The Federal Reserve just pledged asset purchases with no limit to support markets

The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis. Among the initiatives is a commitment to continue its asset purchasing program “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader … Read more

The Dow is set to open 400 points higher, a second day of gains; tech shares jump

U.S. stock futures jumped on Friday, pointing to a second day of gains. Nasdaq futures hit ‘limit up’ levels on exchanges. As of 7:44 a.m. ET, Dow Jones Industrial Average futures were up about 460 points, implying a gain of 400 points at the open on Friday. S&P 500 futures were up about 2%. Nasdaq-100 … Read more

Dow jumps 300 points led by tech stocks, rebounding from three-year low

Stocks jumped on Thursday, erasing steep losses from earlier in the day as sharp gains in big-tech shares led to a sharp turnaround. The Dow Jones Industrial Average traded 300 points higher, or 1.5%. The S&P 500 was up 1.5% while the Nasdaq Composite outperformed with a 3.4% surge. Shares of Netflix and Facebook rose 7.6% and … Read more

Oil surges 23%, on track for best day ever, rebounding from Wednesday’s steep losses

U.S. oil jumped 23% on Thursday, putting it on track for its best day on record, clawing back more than half of the losses from Wednesday’s steep slide. U.S. West Texas Intermediate crude rose 23.4%, or $4.77, to trade at $25.12 per barrel. International benchmark Brent crude jumped 9.5%, or $2.37, to trade at $27.29 … Read more

Dow futures seesaw in a volatile session, pointing to a slightly lower open

Futures contracts tied to the major U.S. stock indexes pointed to slight losses at the open Thursday morning after gyrating in overnight trading. As of 7 a.m. ET, Dow Jones Industrial Average futures were down more than 300 points, implying an opening loss of more than 200 points. S&P 500 futures were down slightly while  Nasdaq 100 futures indicated … Read more

Teeka Tiwari’s free cryptocurrency training and LIVE Q&A event: 5 Coins to $5 Million: The Final Five

Special Offer For Attendees Of “5 Coins to $5 Million: The Final Five” You can join Palm Beach Confidential for only $2,500 — half off of the normal price. And when you act today, you will also receive a second year free. In other words, you get two years of the #1 service in our … Read more