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Risk sentiment soured in the U.S. stock market ahead of a long weekend as more lawmakers claimed China is losing control of the coronavirus outbreak. Boeing stock added to the Dow Jones’ troubles as United Airlines pushed back the return of the 737 MAX to September. Troubling industrial production data is likely
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The Dow Jones Industrial Average (DJIA) lacked conviction during the week’s final trading session. U.S. consumer spending slowed significantly in January as the coronavirus epidemic began to filter into consumer behavior. Health officials warned Americans to brace for a U.S. outbreak, meaning coronavirus could weigh on the economy for months to come. The
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The Dow Jones struggled on Thursday as the Trump administration changed its tune on China’s handling of the coronavirus epidemic. Top economic official Larry Kudlow stated the U.S. is “disappointed” with how events were playing out. Despite an inevitable economic shock, some Dow bulls believe the spike in infections could be good
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Dow Jones Industrial Average (DJIA) futures plunged 260 points on Thursday morning. Health experts told the Senate to brace for “hundreds of thousands” of US coronavirus cases. China reported a parabolic rise in deaths and cases after changing its diagnostic methodology. After a record-breaking day on the stock market on Wednesday, Dow Jones
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Dow futures dropped sharply overnight as China reported almost 15,000 increase in coronavirus cases. The leap came as a result of Hubei province making an effort to more accurately report confirmed cases of the virus. A 14th case has now been reported in the United States. Dow futures sold off sharply on Wednesday
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A massive rally lifted the Dow Jones to a fresh all-time high around 29,500. Despite stock market enthusiasm, the CDC came out with a shocking prediction that the coronavirus outbreak will gain a foothold in the U.S. Dow bulls also ignored the rise of left-wing presidential candidate Bernie Sanders, who they don’t
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Dow Jones Industrial Average (DJIA) futures surged 120 points on Wednesday. Trump tightened his grip on re-election with a record-breaking victory in the New Hampshire primary last night. Historically, a strong economy and consumer confidence points to Trump’s victory in 2020. Dow Jones Industrial Average (DJIA) futures are getting a huge boost on
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Dow Futures rallied overnight to 29, 270 despite another Bernie Sanders victory in New Hampshire. Wall Street remains confident that Donald Trump will win re-election and appears reluctant to price any probability of a Sanders win into markets. Bad news for the Phase One Deal also broke, as it was announced the
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Upward momentum in the Dow Jones was halted on Tuesday after the CDC confirmed that coronavirus cases are higher than reported. As the stock market faded from its highs, Fed Chair Jerome Powell warned there would be an impact on the U.S. economy from the epidemic. Donald Trump was quick to blame
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Tom Lee, Fundstrat’s chief analyst, thinks Bitcoin (BTC) price will reach 40,000 before the Dow Jones reach 40,000. Bitcoin halving is just 89 days away and the world is in crisis – how will this influence the price?Famous trader Tom Lee makes yet another huge prediction regarding the Bitcoin price.
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