March 11, 2020
“Dow Jones industrial average tumbled 700 points, or about 3 percent, at the open. Standard & Poor’s 500 futures sank 2.8 percent and the Nasdaq fell 2.4 percent… Saudi Arabia on Wednesday announced its first oil production increase in a… Continue Reading…
March 10, 2020
“President Trump and his coronavirus task force spoke to the nation again Monday night and spoke of “major” and “very dramatic” economic plans as a result of the coronavirus outbreak. Trump said he would go to Capitol Hill on Tuesday and ask for Congress to approve a… Continue Reading…
March 10, 2020
“Markets in Asia and Europe staged a recovery Tuesday, and the Dow soared 800 points a day after novel coronavirus fears and an oil price war sparked a worldwide panic… The Dow (INDU) soared 3.3%. The S&P 500 (SPX) rose 2.9% and the Nasdaq (COMP) was up 2.7%.JPMorgan equity strategists… Continue Reading…
March 9, 2020
“9:49 a.m. ET: Stocks resume trading, S&P, Dow plunge anew The S&P 500 and Dow extended losses after reopening following a 15 minute halt for trading. The broader market index slid about 7.2%, or more than 200 points, while the… Continue Reading…
March 9, 2020
“According to Freddie Mac, mortgage rates hit a record 3.29% in the week, the lowest level in its nearly 50-year history. While rates were on the slide, mortgage applications jumped by 10% in the last week from 1-year ago, with… Continue Reading…
March 6, 2020
“The FRA/OIS spread, a U.S. money-market benchmark that measures the difference in rates between forward-rate agreements and overnight index swaps, soared to the highest level since the funding upheaval seen back in September. That may be an indication of growing… Continue Reading…
March 6, 2020
“Treasury yields plummeted to record lows Friday as concern about the global economic and financial impact of the coronavirus spurred demand for havens and traders amped up bets on further central bank easing this month. U.S. securities rallied, led by… Continue Reading…
March 5, 2020
“Toyota Motor Corp <7203.T> said Wednesday it is now recalling 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling… The automaker told the U.S. National Highway Traffic Safety Administration in January it was… Continue Reading…
March 5, 2020
“Airlines could lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, International Air Transport Association (IATA) said on Thursday. The last time the industry faced a revenue shock of… Continue Reading…
March 4, 2020
“The 10-year Treasury yield broke below 1% for the first time ever in the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the spreading coronavirus. The yield on the benchmark 10-year Treasury… Continue Reading…
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