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NASDAQ

The Fed’s move to cut interest rates to soften the economic blow from the coronavirus was a panic move, which is why the market’s positive reaction was short-lived NASDAQ

The Fed’s move to cut interest rates to soften the economic blow from the coronavirus was a panic move, which is why the market’s positive reaction was short-lived

Federal Reserve Chairman Jerome Powell on Tuesday announced that the central bank cut its key interest rate by 0.5 percentage points.The move is designed to blunt the impact of the novel coronavirus on the US economy.But the move won't stop the spread of the virus and it's no surprise that…
bubmag
March 3, 2020
Stocks add to their rapid recovery after the Fed unexpectedly cuts rates to boost the economy NASDAQ

Stocks add to their rapid recovery after the Fed unexpectedly cuts rates to boost the economy

Brendan McDermid/ReutersStocks slipped from initial gains on Tuesday, closing deeply in the red after the Federal Reserve's emergency rate cut failed to soothe investors' worries. The 50-basis-point adjustment is the first cut to arrive between Federal Open Market Committee meetings since the 2008 financial crisis. All major US indexes surged…
bubmag
March 3, 2020
Coronavirus: Wall Street ends worst week since 2008, Dow closes down 350+ points NASDAQ

Coronavirus: Wall Street ends worst week since 2008, Dow closes down 350+ points

Recession fears are spreading, along with COVID-19. The coronavirus outbreak and unknowns about preparedness caused massive financial losses this week. The Dow closed down 350+ points. The S&P 500 dropped for the seventh day in a row, and posted its biggest drop in a single week since the 2008 financial…
bubmag
February 28, 2020
Market Snapshot: Stock futures wobble as investors remain focused on coronavirus spread outside China NASDAQ

Market Snapshot: Stock futures wobble as investors remain focused on coronavirus spread outside China

U.S. stocks finished mostly lower Wednesday, with the Dow and S&P 500 index falling for a fifth straight day, as investors digested reports on the spread of China’s coronavirus to Europe and the Americas. Dozens of American and European companies have now warned of the epidemic’s impact on their supply…
bubmag
February 26, 2020
The Margin: Did President Trump jinx this bull market? Twitter just suspended a popular financial blogger calling him out on it NASDAQ

The Margin: Did President Trump jinx this bull market? Twitter just suspended a popular financial blogger calling him out on it

After the stock market’s beat-down on Monday, President Trump fired off this tweet that, to some, may have smacked of desperation: The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and…
bubmag
February 25, 2020
Markets plunge on pandemic fears NASDAQ

Markets plunge on pandemic fears

Hong Kong (CNN)Multiple outbreaks of the novel coronavirus outside of mainland China have continued to worsen, as experts warn we may be approaching pandemic levels. A World Health Organization team landed in Italy late Monday to "support Italian authorities in understanding the situation," the WHO said. The team's focus will…
bubmag
February 25, 2020
The stock market’s fear gauge spikes to its highest since August as the coronavirus outbreak rages NASDAQ

The stock market’s fear gauge spikes to its highest since August as the coronavirus outbreak rages

Xinhua/Wang Ying/Getty ImagesThe Cboe Volatility Index, or VIX, spiked as much as 40% on Monday, the highest since August.  The VIX is a measure of volatility in the markets and is often referred to as a "fear gauge." Investors are worried about the impact of the coronavirus on global markets…
bubmag
February 24, 2020