Market Overview - Page 402

The U.S. stock market is being terrorized by the coronavirus. The Dow Jones Industrial Average fell by almost 1,000 on Thursday morning. Sitting at around 26,000, the plunge marked a 12% drop since the Dow’s 52-week high of 29,551 in.

Global economic growth is likely to be the worst this year since the Great Recession as headwinds from the coronavirus and other factors build, according to Bank of America. Gross domestic product growth worldwide is projected to slow to 2.8%.

Oil prices fell over 2% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fueled fears of a pandemic that could slow the global economy and dent.

Market overview Futures for S&P500 lost 9% over the six days to lows since November and drastically shifting from overbought to oversold conditions by RSI. The UK’s FTSE100 fell under 7,000 to 13-month lows. The mood swung toward fears of.

Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens. The number of.

There’s something different about the threat COVID-19 poses to the global economy. And that’s what has investors worried. “Because of its genesis in China, coronavirus is both a demand and a supply shock to the global economy,” said Brian Nick,.

The bitcoin price experienced a sharp reversal on Wednesday, falling more than 7% to an intaday low of $8,620.00 on Gemini. The largest cryptocurrency has trimmed some of its declines but is still sitting on a loss of 5.5%. With.

Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to a senior analyst at S&P Global Platts. That’s because inventories are rising amid lower oil demand due to the coronavirus outbreak,.

European stocks plummeted further on Thursday as the rapid spread of the coronavirus continues to dominate market sentiment. The pan-European Stoxx 600 fell 2% during European trading hours, with travel and leisure stocks plunging 3.6% to lead losses as almost.

World markets are declining in fear of a coronavirus pandemic as more and more cases of a disease spread outside of China. As we recently noted, there is a growing demand for safe havens against this backdrop. Traditionally investors use.

Amazon’s share price is overvalued based on traditional value metrics. The coronavirus outbreak could impact the e-commerce giant’s business and send its stock tumbling. Amazon has relied on ‘Just In Time’ inventory management to keep its online business profitable. The.

Over the past hour or two, Bitcoin bulls have been attempting to defend $9,000: just look below, where you can see a number of wicks below that price on the 15-minute chart. Thus far, $9,000 has been defended, with every.