[112][113] At the close of trading on 3 March, European and Asia-Pacific stock markets had mostly risen,[106][114] but the S&P 500, the NASDAQ Composite, and the Dow Jones Industrial Average all fell (with the Dow reversing more than two-thirds of the previous day's gain). Walmart’s stock is seen as a “place to hide” amid the looming threat of a recession, while grocery sales overall are surging as consumers stock up and get ready to wait out the pandemic. [435] The Central Bank of Russia announced that it continue selling foreign currency in domestic markets the following week. Stock market live Tuesday: Dow drops 410 points, down 23% in 2020, Worst first quarter ever Published Tue, Mar 31 2020 7:39 AM EDT Updated Tue, Mar 31 2020 … The trading halt occurred after the markets reached a drop of 7.2 percent within 15 minutes. On February 12th, the Dow Jones Industrial Average hit an all time high at 29,568.57. [375] Indonesian Finance Minister Sri Mulyani announced that the Indonesian government would reallocate Rp62.3 trillion ($3.9 billion) from the 2020 fiscal year budget for COVID-19 pandemic countermeasures. Also, the price of West Texas Intermediate fell to its lowest level since February 2016. Interest rates for all long-term, fixed-interest loans follow the yield on the 10-year Treasury note. [392] The Hungarian National Bank announced Ft74.5 billion ($227 million) in foreign exchange swaps of domestic currency with euros. Stock futures today At 9:14 Am, ET time today the US stock futures decline, but losses are moderate. When something like this happens, many people panic and sell their stocks to avoid losing more. [439] Singaporean Finance Minister Heng Swee Keat announced a second fiscal stimulus package of S$48 billion (US$33.7 billion). "[192], On the following day of trading, US stocks recouped some of the losses which happened on Monday, rising by more than 4%. This news triggered the announcement of a bear market… [428] At a virtual summit, European Union heads of state and government did not agree to begin issuing corona bonds. As shown in the chart above, certain stocks, such as Walmart, have been fairly resilient, with consumer staples as a group faring better than the rest overall. S&P Dow Jones Indices. [434], The Indonesian government announced that it would issue bonds whose proceeds would dedicated for financial assistance programs to business severely distressed by the COVID-19 pandemic. Sign up here. Here is an overview of the U.S. stock market through the lens of the Dow. “In the first quarter, the underlying results of the company were extremely good, however given the likelihood of a fairly severe recession, it was necessary to build credit reserves of $6.8B, resulting in total credit costs of $8.3B for the quarter,” CEO Jamie…, Stock market today A higher close for the US stock market. [376], On Monday, 23 March 2020, Asia-Pacific stock markets closed up while European and U.S. stock markets closed mostly down. The crisis has led to a drastic drop in ticket sales at movie theaters, yet, another part of the sector—like wireless service provider Verizon—remains largely insulated from any coronavirus impact, though equipment sales could see some declines due to supply constraints and store closings. [173] In Singapore, the Straits Times Index fell 6.03%. [211] The Bank of England announced that it would cut its bank rate by 25 basis points,[212] while Chancellor of the Exchequer Rishi Sunak announced £30 billion in government spending with £12 billion specifically directed at pandemic countermeasures. 2020 Dow: Historic High to Historic Rout. Professional money managers, as well as casual investors, often look at the Dow—or the Dow Jones Industrial Average—to get a 30-thousand feet view of the markets. The Dow Jones Industrial Average rose throughout August 2020, reaching a peak of 29,199 points on 3 September 2020 at 9:48 EST before plunging nearly 1,000 points throughout the remainder of the day. [280], The Bank of Canada announced C$7.5 billion of open market purchases. On February 12th, the Dow Jones Industrial Average hit an all time high at 29,568.57. TikTok IPO: Will ByteDance Go Public in 2020? At close on Friday, March 13, 2020 all major stock market indices are down year-to-date. [34][35] Oil prices rose by more than 2%,[36] while the yields on 10-year and 30-year U.S. Treasury securities fell to 1.54% and 1.99%. [162] Australia's ASX 200 lost 7.3% – its biggest daily drop since 2008,[163][164] though it rebounded later in the day. [46], On 20 February, stock markets worldwide closed mostly down,[47][48][49] while oil prices fell by 1% and yields on 10-year and 30-year U.S. Treasury securities fell to 1.51% and 1.96% respectively. It was a 9.99% drop, almost a correction in a single day. [90] Federal Reserve Chair Jerome Powell stated that the outbreak was posing "evolving risks to economic activity" and that the Federal Reserve would use monetary policy to "act as appropriate to support the economy" but that "The fundamentals of the U.S. economy remain strong. [284] The Central Bank of the Republic of Turkey conducted ₺29 billion (or $4.6 billion) in open market repurchases of government bonds. [415] The U.S. Senate unanimously passed the $2.2 trillion fiscal stimulus package introduced by Senate Majority Leader Mitch McConnell the preceding week. [261], On 13 March, European stock markets closed mostly up while Asia-Pacific stock markets mostly closed down (except for the S&P/ASX 200 which rose by 4.4%),[262][263] while the Dow Jones Industrial Average, NASDAQ Composite, and the S&P 500 all rose by more than 9% (in their largest rally since 2008). A pandemic often slows economic growth, as businesses slow or close and people stay home to nurse their illness or avoid catching it. [335] The New York Stock Exchange announced that it would temporarily close its trading floor and move to all-electronic trading beginning on 23 March when two traders tested positive for COVID-19 at screenings set up by the NYSE. [455][456] The South African government's credit rating was downgraded by Moody's to Ba1 (its highest non-investment grade). [354] Chilean President Sebastián Piñera announced an $11.7 billion fiscal stimulus package. [41] Oil prices rose by another 2%,[42] while yields on 10-year and 30-year U.S. Treasury securities fell to 1.56% and 2.00% respectively. Most active stocks, stock gainers, stock losers, hot stocks for today, July 24, 2020. Jessica Menton of USA Today contributed to this article. But in the long run, it is a weighing machine.” “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” “Individual who cannot master their emotions are ill-suited to profit from the investment process.” Stock market news Stock market news, stocks, investing, stock market today. Fortunately the team here at InvestmentU is dedicated to delivering top notch investment opportunities right to your inbox. [157] The NASDAQ Composite, also in the United States, lost over 620 points. 52 Week Low: 0.24. A correction is a mechanical-sounding term to describe when a major stock market index like the Standard & Poor's 500 falls 10% or more from a recent closing high. The Coronavirus Crash followed a decade of economic prosperity and sustained global growth after recovery from the GFC began in 2009.

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