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Tag Archives: Markets

Mortgage rates still a silver lining, new drug gives markets life

A huge development overnight has the stock market rallying early Friday morning. Reports claim that a drug named remdesivir has helped treat those suffering severe symptoms of the coronavirus COVID-19. The report from STAT news says the drug was the first to show positive healing effects in lab tests and …

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Asia Markets: Asian markets dip after deal to cut oil production

Shares were mostly lower Monday in Asia while crude prices gained more than $ 1 per barrel after OPEC and other oil producing nations agreed to cut output to reflect the collapse of demand due to the pandemic. Just hours before markets reopened, OPEC, Russia and other oil producers finalized …

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Asia Markets: Asian markets mixed as most global indexes closed for Good Friday

Asian markets were mixed in light trading Friday following gains on Wall Street. Japan’s Nikkei NIK, +0.78% was about flat while South Korea’s Kospi 180721, +1.33% rose 0.3%. In China, the Shanghai Composite SHCOMP, -1.03% declined 0.6% while the smaller-cap Shenzhen Composite 399106, -1.94% fell 1.3%. Taiwan’s Taiex Y9999, +0.37% …

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The Tell: Here are the European and Asian coronavirus plays that have rallied while markets have gone sour

Markets outside the U.S. haven’t been spared the pain from the coronavirus that has closed much of the economy. According to S&P Dow Jones Indices, global markets have lost $ 14.9 trillion in value from their Feb. 29 high, and international stocks lost about a quarter of their value in …

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Stock markets stumble, rates volatile as fear of virus fallout clouds Wall Street

This week saw the worst day for Wall Street since 1987 and trillions of dollars of stimulus being pumped into the economy, leaving investors and Americans wondering what twist would be around the next turn. The continued fear of the spread of coronavirus COVID-19 has led to extensive economic fallout, …

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Market Extra: How the Fed’s latest crisis-era credit facility aims to finally calm rattled markets

Only hours after deploying one crisis-era funding facility, the Federal Reserve on Tuesday unleashed another, potentially more powerful weapon that gives primary dealers on Wall Street cheap loans to snap up a broad array of bonds and stocks. It has an aim of freeing up space on dealer’s balance sheets …

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Asia Markets: Asian markets resume plunge after Dow enters bear market

Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan’s Nikkei NIK, -4.41%   closed down 4.4% and Hong Kong’s Hang Seng Index HSI, -3.52%   fell 3.6%. The Shanghai Composite SHCOMP, -1.52%   dropped 1.7% while the smaller-cap Shenzhen …

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Asia Markets: Asian stocks bounce after huge losses on news of possible U.S. tax cut

BEIJING (AP) — Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain …

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The stock market’s big swings indicate a top or a bottom — here’s how to decide

I am receiving a large number of complaints about the stock market’s wild swings as the new coronavirus spreads across the U.S. My suggestion is to not complain. The reason is that there is nothing you can do. Investors ought to accept the swings, focus on making money from them …

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