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The Dow Jones suffered a renewed bout of paralysis on Wednesday. With no sign of a return to normal, investors are running out of good news to power the stock market. U.S.-China tensions are mounting, even as the coronavirus continues to fester uncomfortably throughout the country. A seemingly-lifeless Dow Jones Industrial Average (DJIA) sputtered toward…
The Dow Jones struggled for a second straight day on Tuesday.Crashing oil prices continue to be a major headwind for the U.S. stock market.Oil stocks Chevron and Exxon Mobil continue to resist gravity, despite the plunge in WTI futur…
The Dow Jones continued its surge mid-week with another big move to the upside. Bulls carried the Dow more than 1,000 points higher as Boeing flew 30% on hopes of a meaningful bailout. Renowned economist Mohamed El-Erian, who presaged the coronavirus crash, is not confident that the rally is sustainable The Dow Jones skyrocketed toward…
Buoyed by promises of a lofty $850 billion stimulus package, the U.S. stock market rallied aggressively on Tuesday. The Dow Jones was no exception, and it erased a good chunk of Monday’s historic 3,000 point loss. There has been some positive news in Europe, as coronavirus infections in Spain and Italy slowed overnight. The Dow…
The Dow Jones soared around 900 points on Wednesday. Sturdy economic data and Fed easing expectations have steadied a nervous stock market. The comeback of Joe Biden isn’t hurting sentiment either. But Ray Dalio has broken his silence on the coronavirus, and he warns of a terrible impact on financial markets. The Dow Jones rallied…
An emergency double rate cut from the Federal Reserve failed to stop the Dow Jones from sliding on Tuesday. A nervous stock market is left wondering how bad things are if the Fed would take such dramatic action. Dow bears pounced on the belief that interest rates will do little to influence a demand shock…
The U.S. stock market fell again on Friday after the WHO raised its threat level on the coronavirus (COVID-19) to “very high” and flirted with “pandemic” terminology. Briefly boosting a shaky Dow Jones, Fed Chair Jerome Powell spoke this afternoon. A cataclysmic drop in Boeing shares did much of the damage to the Dow 30.…
A terrible PMI reading prompted a massive slide in the Dow Jones Industrial Average (DJIA) on Friday. Stock market bulls appear to have underestimated the effect of the coronavirus on the U.S. economy. Donald Trump’s phase one deal with China looks unlikely to be fulfilled, posing a significant risk to the Dow Jones. The Dow…
Apple’s coronavirus profit downgrade rippled through U.S. stocks with exposure to China on Tuesday. As the Dow Jones’ second most heavily weighted stock, AAPL put severe pressure on the index. Dow bulls are still betting on a v-shaped recovery in China’s economy, but Japan and Germany might not be so fortunate. The Dow Jones fell…
