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The Dow Jones Industrial Average (DJIA) suffered a sharp drop on Monday. British scientists leading the country’s coronavirus vaccine program admit there’s no guarantee of a drug. Analysts at Citi warn the stock market hasn’t priced in a second wave of the virus and extended lockdowns. The recent stock market rally may be starting to…
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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…
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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…
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The Dow plunged below 26,000 as demand for safe haven assets fueled spikes in gold and US Treasury bond prices. | Source: REUTERS/Brendan McDermid/File PhotoThe Dow and broader U.S. stock market plunged anew on Monday, as threats to global economic health fueled a massive rally in haven assets like Treasuries and gold bullion.According to Goldman…
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The Dow crashed nearly 900 points as stock market volatility broached its most feverish level since the Eurozone debt crisis. | Source: REUTERS / Shannon Stapleton The Dow and broader U.S. stock market hastened their declines Monday, with intraday volatility reaching its highest level in nearly eight years after the People’s Bank of China effectively…
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The Dow plunged 550 points from its daily high after Trump shocked Wall Street by vowing to raise tariffs on Chinse imports. | Source: REUTERS / Brendan McDermidThe Dow and broader U.S. stock market took a sudden turn lower Thursday afternoon, as markets reacted to President Trump’s latest tariff threat targeting $300 billion worth of…
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Dow Plunges After China Lashes Out at ‘Bully’ TrumpDonald Trump calls his negotiation tactics the “art of the deal.” China calls them “bullying behavior.” | Source: Brendan Smialowski / AFPBy CCN: The US stock market plummeted during the week’s final trading session, as the Dow and Wall Street’s other major indices reeled from yet another…
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S&P 500 Stock Plunges 24% After Brutal Q1 Loss Stuns InvestorsThis stock’s 24% plunge headlined the S&P 500’s Thursday pullback. | Source: ShutterstockBy CCN: Stocks are broadly tanking today, but Fluor, Inc., a Texas construction outfit, is leading the charge, with a roughly 24% loss by press time. The company lost 48 cents per share…
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