Stocks have no idea how to react to coronavirus: Dow tumbles again

South Africa News News

Stocks have no idea how to react to coronavirus: Dow tumbles again
South Africa Latest News,South Africa Headlines
  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

The Dow opened down 700 points, or 2.6%, lower, setting up the day for another session of dramatic losses

New York US stocks remain extremely volatile, and after two 1,000-point gains and an 800-point loss this week, the Dow is once again dropping. Coronavirus confusion is far from over.The Dow dropped more than 800 points, or 3%, within half an hour of the opening bell, setting up Thursday for another session of dramatic losses. The S&P 500 fell 2.9% and the Nasdaq Composite dropped 2.5%.All three indexes are in correction territory, having fallen more than 10% below their peaks.

Former Vice President Joe Biden won sweeping primary victories across the country Tuesday, but does that mean Wall Street is about to lose its cheerleader-in-chief President Donald Trump?CNN Business' Fear and Greed Index has been stuck in"Extreme Fear" for more than a week. The VIX volatility index soared more than 12% Thursday, and investors plowed money into safe-haven assets like gold and US Treasury bonds. Gold was up 0.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

cnnbrk /  🏆 393. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow plunges more than 700 points despite the Fed cutting ratesDow plunges more than 700 points despite the Fed cutting ratesStocks fell at the close, even after the Fed issued an emergency rate cut earlier today. The Dow was down more than 700 points, up from session lows of more than 800.
Read more »

Dow closes down almost 800 points as reality of epidemic sinks inDow closes down almost 800 points as reality of epidemic sinks inJUST IN: The US Federal Reserve's historic, emergency rate cut was not enough to assuage Wall Street on Tuesday, with the Dow plunging to end the day down by almost 800 points.
Read more »

Dow sinks 2.9% after rate cut fails to stem market's dreadDow sinks 2.9% after rate cut fails to stem market's dreadNEW YORK (AP) — Fear and uncertainty continue to control Wall Street, and stocks fell sharply Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets wracked...
Read more »

Dow plummets despite Fed's emergency rate cut over coronavirusDow plummets despite Fed's emergency rate cut over coronavirusThe Federal Reserve announced a surprise rate cut of half a percentage point on Tuesday in an effort to mitigate the economic impacts of the coronavirus outbreak on the U.S. economy. Despite that emergency cut, the Dow Jones Industrial Average plummeted by 785 points by the time markets closed Tuesday
Read more »

Dow soars more than 1,100 points as market rallies off Biden win, UnitedHealth pops 10%Dow soars more than 1,100 points as market rallies off Biden win, UnitedHealth pops 10%Stocks surged at the close after a tumultuous week on Wall Street. The Dow was up 1,173 points, and the S&P 500, Nasdaq, and Russell 2000 were all up more than 3% as well.
Read more »

Dow set to fall about 300 points at the open following Wednesday's surgeDow set to fall about 300 points at the open following Wednesday's surgeAs of 12:04 a.m. ET Thursday, Dow Jones Industrial Average futures were down 189 points, signalling an implied opening drop of 295.86 points at the open.
Read more »



Render Time: 2025-04-06 01:17:34