Nosedives

Dow Nosedives as U.S. Oil Price Plummets a Staggering 300%

The Dow Jones started the week with a painful nosedive. An epic collapse in the price of May’s WTI crude futures contract saw front-month oil prices go profoundly negative. With a wave of job losses likely, the Dow has another big problem on its hands. The Dow Jones nosedived on Monday as the impact of…

Dow Nosedives After New York Coronavirus Panic Spooks Stock Market

Negative coronavirus headlines prompted a painful reversal in the Dow Jones on Wednesday. Fears of a breakout in New York and another confirmed U.S. case hit the stock market hard. The wild moves in the Dow overshadowed positive housing market data. The Dow Jones recoiled after a bright start to the day as news broke…

Dow Nosedives as Coronavirus Rocks a Complacent U.S. Stock Market

Dow bulls took a triple-digit point hit on Friday as coronavirus fears rocked Wall Street. An elevated stock market was already exposed to risk-off conditions after the Fed’s huge liquidity injection over the last few weeks. ING believes the most important upcoming risk event will be the Fed decision on repo actions next week. The…

Dow Nosedives as Wall Street Recoils from Trump’s Baffling China Gambit

The Dow Jones had its upward momentum sharply arrested after a bombshell news leak alleged that President Donald Trump was considering limiting US portfolio inflows to China and booting Chinese firms from US stock exchanges. This “nuclear option” disturbed a stock market that had been enjoying a better than expected Michigan consumer sentiment release and…