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The U.S. stock market crashed for a second straight day. The Dow and S&P 500 plummeted more than 3%. CDC officials intensified the sell-off when they called the spread of the coronavirus in the United States inevitable. The Trump administration attempted to bolster stock market confidence by claiming the
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Donald Trump and his top advisors have sought to downplay the threat of the coronavirus outbreak. But with the stock market plunging to three-month lows, one thing is clear. Investors are calling the president’s bluff. It’s about time. As U.S. health officials warned the American public to brace for
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Gold prices hit a seven-year high on Monday after a stunning rally. The U.S. stock market crashed amid coronavirus fears, implying the risk is getting priced in. The emergence of a locust plague will be the icing on the cake to an already tumultuous 2020. The locust plague, which
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Tesla stock (NASDAQ: TSLA) dove 7.5% on Monday, falling twice as hard as the Dow and S&P 500. Tesla has had a turbulent February, with coronavirus fears beginning to eat into its growth. Analysts warn that Tesla stock is in a bubble and due for a big correction. Yesterday’s
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The U.S. stock market has been rallying thanks to massive amounts of liquidity injection from the Federal Reserve. The calm rise in indices has made investors complacent and misprice risk. The Dow Jones witnessed a 1,000 point drop on Monday, and technical data points suggest that it’s just the
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Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and
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The world’s longest-running bull market officially ended Monday. Malaysia’s stock market benchmark is more than 20% off its highs. The FTSE Bursa Malaysia KLCI Index went 12 years without a 20% pullback from any peak. But that ended today. The milestone is an omen for the U.S. stock market.
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Gilead Sciences stock was one of just a handful of S&P 500 companies in the green on Monday. Investors are hopeful that remdesivir could be a treatment for the coronavirus GILD’s bounce is just a taste of the upside it could experience if it develops an effective treatment. As
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The major U.S. indexes plunged on Monday, as wildly overpriced technology shares sold off over fears of a long-overdue recession. The technology-focused Nasdaq Composite Index declined by as much as 4.3%. Global recession risks could lead to a 20% pullback in technology stocks, according to investor Paul Meeks. As
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Fidelity’s website and the Robinhood app crashed for some users Monday, while panicky investors fled a stock market with inflated multiples. DownDetector reported a surge in problem reports for these stock trading platforms. The Dow Jones plummeted 3% at the opening bell. Meanwhile, the Washington Post started a wild
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