Until July 31, some 30 million jobless Americans received an extra $ 600 a week in unemployment benefits on top of what they would have received from their state as part of the $ 2 trillion CARES Act stimulus package that was passed in March. As a result, the average …
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A golden cross formed in the Dow Jones Industrial Average DJIA, +0.68%, more than five months after a bearish chart pattern materialized in the aftermath of the carnage wrought by the COVID-19 pandemic. A golden cross occurs when the 50-day moving average for an asset price trades above the 200-day …
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The dog day’s of summer on Wall Street are upon us. The ancient Greeks would refer to the so-called “dog days” in late July and early August as the period in which the star Sirius — also known as Alpha Canis Majoris, or dog star–as the hottest part of summer, …
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The U.S. dollar is looking shaky. Barring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts said. The ICE U.S. Dollar Index DXY, -0.36%, a measure of the currency against a basket of six major rivals fell …
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Commercial real estate’s COVID-19 woes can’t be patched up with more debt. That’s Lisa Pendergast, executive director of the CRE Finance Council, an industry group focused on the $ 4.6 trillion commercial real estate finance market, on the pile of problems confronting properties as a result of the coronavirus pandemic. …
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Independence Day falls on Saturday this year, meaning that U.S. financial markets will be closed on Friday. The New York Stock Exchange and Nasdaq will be shuttered at the conclusion of regular trade Thursday, while the bond market will close an hour early, at 2 p.m. Eastern on Thursday, and …
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Buckle up, Wall Street investors! The ride from here could get a lot bumpier after the Dow registered its worst one-day loss since June 11 on Friday, knocking the blue-chip index to its lowest point since May 26, and at least momentarily knocking the wind out of equity investors who …
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Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, tells MarketWatch that his forecast for a sharp deterioration of the U.S. dollar could be a very near-term phenomenon, not an event that looms off in the distance. “I do think it’s something that happens sooner rather …
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Quadruple witching, a pandemic, a recession, and a stock market that is looking for reasons to add to an epic recovery from the impact of the coronavirus. Could those factors make for a volatile cocktail for the stock market in coming days and weeks? Quadruple witching, occurs on the third …
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