Yesterday, stocks were down almost 3.0% after the Fed announced an emergency rate cut…the first since 2008 during the financial crisis. And there was even more bad news regarding the coronavirus. California reported its first coronavirus death. And in China, scientists discovered evidence that the virus has mutated at least once. — RECOMMENDED — 5 … Read more
U.S. stock index futures pointed to a sharply higher open on Wednesday as early results on Super Tuesday showed former Vice President Joe Biden notching key wins and reassuring investors of his place amid the top candidates in the Democratic pool. As of 7 a.m. ET on Wednesday, Dow Jones Industrial Average futures were up 655 … Read more
U.S. stock index futures pointed to slight losses on Tuesday as investors sought to assess the potential economic fallout as a result of the fast-spreading coronavirus. As of 7 a.m. ET, Dow Jones industrial Average futures indicated a drop of about 22 points at the open. Futures on the S&P 500 and Nasdaq 100 also indicated a … Read more
U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs. As of 6:20 a.m. ET, Dow Jones Industrial Average futures indicated an opening loss of more than 400 points. S&P 500 and Nasdaq 100 futures also pointed to a … Read more
It was a wild trading day! Stocks were down around 2.0% at the open, then continued to slide. Then a little more than an hour into the trading session, the S&P was down 3.5%!!! Stocks rallied mid-day and tried to fill today’s gap. And at one point the S&P was down just 0.6%. — RECOMMENDED … Read more
Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to a senior analyst at S&P Global Platts. That’s because inventories are rising amid lower oil demand due to the coronavirus outbreak, Kang Wu, Asia’s head of analytics, told CNBC’s “Capital Connection” on Thursday. Oil prices have … Read more
U.S. stock futures on Thursday morning pointed to declines at the day’s open even after President Donald Trump tried to assuage concerns over the coronavirus outbreak. Futures slipped after the CDC confirmed the first U.S. coronavirus case of unknown origin in Northern California, indicating possible “community spread” of the disease. The CDC doesn’t know exactly … Read more
Today stocks made an attempt at a rebound…and failed. Stocks opened higher this morning and rallied. But after a choppy morning, the major indices drifted lower during lunch. — RECOMMENDED — Millionaire Trader Reveals Top Trade Idea Each Week RagingBull.com CEO, Jeff Bishop, shares his top pick for the week each Monday, straight to your … Read more
A mixed week for mortgage rates caused a split in application volume between refinances and purchase loans. Total mortgage application volume rose 1.5% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, which included the Presidents Day holiday. — RECOMMENDED — Millionaire Trader Reveals Top Trade Idea Each Week … Read more
Stock futures were flat as the market attempted to rebound the worst two-day slide for the S&P 500 in four years. Futures traded wildly in overnight trading and there were no apparent positive coronavirus headlines that would point to support for the market. — RECOMMENDED — 5 Small Caps Set to Soar 1,000% On February … Read more