The Dow Jones suffered a painful drawdown on Wednesday. Bloomberg exposed a secret report confirming that U.S. intelligence believes China has wildly underreported its coronavirus statistics. ING warns that a seemingly-optimistic manufacturing report was inflated by a quirk in the index. The Dow Jones tumbled 1,000 points on April Fools’ Day as a fresh wave…
The Dow Jones slipped as much as 300 points after an unexpectedly-miserable ISM manufacturing reading sent the closely-watched economic metric to its lowest point in 10 years. As the US stock market cringed, President Donald Trump blamed the economic woes on the Fed, further pressuring a fragile Dow. Dow Jones Recoils After Another ISM Manufacturing…
The price of gold was under pressure Friday, extending a weeklong slump that saw the U.S. dollar rise to multi-year highs against a basket of currencies. Gold Tumbles; Silver Follows Futures on December gold delivery reached a session low of $1,493.30, putting them on track for their lowest settlement in over a month. The contract…
