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Keyword: market

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  • Dow plummets 600 points in worst day since August as coronavirus fears grow

    01/31/2020 1:24:40 PM PST · by cba123 · 55 replies
    CNBC ^ | Today | Fred Imbert
    Stocks fell sharply on Friday, wiping out the Dow Jones Industrial Average’s gain for January, as investors grew increasingly worried about the potential economic impact of China’s fast-spreading coronavirus. The Dow dropped 603.41 points, or 2.1%, to 28,256.03 in the 30-stock average’s worst day since August. The S&P 500 had its worst day since October, falling 1.8% to 3,225.52. The Nasdaq Composite dropped 1.6% to 9,150.94...
  • What's up (mostly down) with the stock market!

    01/27/2020 6:51:35 AM PST · by fightin kentuckian · 39 replies
    Market Insider ^ | today | Fightin Kentuckian
    This website, which has been reliable, is showing the stock market down by 5000, then 2000, then 400 then 4000. It's crazy. Is the stock market going crazy or is it the website? Does anyone know whats causing this?
  • The U.S. stock market shrugged off the impending impeachment vote Wednesday morning, pushing major U.S. stock indexes to record highs.

    12/18/2019 1:01:18 PM PST · by Eddie01 · 21 replies
    breitbart ^ | 18 Dec 2019 | JOHN CARNEY
    The U.S. stock market shrugged off the impending impeachment vote Wednesday morning, pushing major U.S. stock indexes to record highs. The S&P 500 moved up to 3198 to set a new high in the first hour of trading Wednesday morning. The Nasdaq Composite also hit its highest level ever. The Dow Jones Industrial Average moved higher but remained just below the all-time high set on Monday. [snip] The stock market has had a tremendous year. The Dow is up 19.49 percent compared with a year ago. The S&P 500 is up 25.42 percent. The Nasdaq is up 30.18 percent. [snip]...
  • Stock Market Crash 1929 & the dangerous policy of government intervention

    12/12/2019 1:46:07 PM PST · by Perseverando · 8 replies
    American Minute ^ | October 29, 2019 | Bill Federer
    October 29, 1929, the New York Stock Exchange crashed. Panic ensued as Wall Street sold 16,410,030 shares in a single day. Billions of dollars were lost and America plunged into the Great Depression. An estimated 15 million Americans were unemployed and nearly half of all banks failed. Ending the  "Roaring Twenties," the Great Depression began with a rapid contraction of credit. This occurred despite the existence of the Federal Reserve which was created with promises that it would prevent financial panics. Democrat Secretary of State William Jennings Bryan had stated (Hearst's Magazine, Nov 1923): "The Federal Reserve Bank that...
  • Maids for Sale: Silicon Valley’s Online Slave Market - BBC News

    11/11/2019 10:50:13 AM PST · by Enlightened1 · 17 replies
    Google, Apple and Facebook-owned Instagram are enabling an illegal online slave market by providing and approving apps used for the buying and selling of domestic workers in the Gulf. BBC News Arabic’s undercover investigation exposes app users in Kuwait breaking local and international laws on modern slavery, including a woman offering a child for sale. The discovery of Fatou in Kuwait City, her rescue and journey back home to Guinea, West Africa, is at the heart of this powerful and shocking investigation into Silicon Valley’s Online Slave Market. 
  • Ex-Federal Reserve Official Bill Dudley Calls on Fed to Manipulate Economy to Stymie Trump’s Reele

    08/27/2019 10:58:57 PM PDT · by bitt · 20 replies
    GATEWAY PUNDIT ^ | 8/27/2019 | Kristinn Taylor
    Former New York Fed President Bill Dudley on Tuesday called on the Federal Reserve to manipulate the economy to stymie President Trump’s reelection. Dudley made the plea in an op-ed published by Bloomberg News. Dudley argued that Trump’s effort to reset trade with China is hurting the economy and that the Fed should enact policies that hinder Trump and hurt his reelection chances. President Trump has been fighting the Fed over rising interest rates and a too rapid pullback on quantitative easing that stifled the nascent economic boom stemming from Trump’s economic policies and tax cuts. The Fed has since...
  • Dow tumbles 400 points after bond market flashes a recession warning

    08/14/2019 7:11:42 AM PDT · by Berlin_Freeper · 82 replies ^ | August 14, 2019 | David Goldman
    The Dow slid more than 400 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.
  • Dow plunges 875 points after China devalues its currency

    08/05/2019 11:47:14 AM PDT · by Innovative · 75 replies
    CNN Business ^ | Aug. 5, 2019 | Anneken Tappe
    The Dow tumbled 875 points and global stocks were in disarray on Monday after China escalated the trade war with the United States. The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs. The weak yuan ignited fear on Wall Street that a currency war has begun or that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors...
  • Dow tumbles more than 600 points on Apple plunge, rising fears of an economic slowdown

    01/03/2019 2:38:21 PM PST · by Red Badger · 69 replies
    CNBC ^ | Published Wed, Jan 2 2019 • 4:37 PM EST | Fred Imbert & John Melloy
    U.S. stocks fell sharply on Thursday following a dire quarterly warning from Apple. The iPhone maker blamed a slowing Chinese economy for the shortfall, intensifying fears that the global economy may be slowing down because of the ongoing trade war. A weaker-than-expected reading on U.S. manufacturing added to those fears. The Dow Jones Industrial Average dropped 660.02 points, or 2.8 percent, to 22,686.22 as Apple shares led the decline. The 30-stock index tumbled to its low of the day right before the close, trading down as much as 707.83 points. The S&P 500 pulled back 2.47 percent to 2,447.89 as...
  • Shanghai’s stock index ends 2018 as the world’s biggest loser as trade war [snip]

    12/28/2018 7:40:20 AM PST · by Eddie01 · 5 replies
    South China Morning Post ^ | Dec. 28, 2018 | staff
    Full Title: Shanghai’s stock index ends 2018 as the world’s biggest loser as trade war, slowing Chinese economy Shanghai’s stock benchmark ended 2018 as the world’s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city’s key stock index closed the year at 2,493.90, while the benchmark on the smaller Shenzhen bourse fell 33.2 per cent during the period to 1,267.87. The combined capitalisation of the two exchanges fell by US$2.4 trillion to 43.3...
  • Dow turns positive, erases a 600-point drop

    12/27/2018 12:44:05 PM PST · by abb · 101 replies
    CNBC ^ | December 27, 2018 | Fred Imbert
    The Dow Jones Industrial Average traded higher on Thursday, erasing steep losses a day after posting a historic surge. The 30-stock index traded 31 points higher after plunging 611 points earlier in the day. The S&P 500 held just above the flatline after sliding more than 2 percent. The Nasdaq Composite traded 0.2 percent lower after dropping more than 3 percent. Earlier in the day, stocks fell amid renewed tensions between China and the United States.
  • Dow rallies 1,000 points, logging its biggest single-day point gain ever

    12/26/2018 12:19:40 PM PST · by Candor7 · 164 replies
    CNBC ^ | 26 Dec. 2018 | Fred Imbert & Eustance Huang
    Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.
  • Dow surges 550 points as Wall Street rebounds from worst Christmas Eve ever

    12/26/2018 10:16:18 AM PST · by Red Badger · 53 replies
    CNBC ^ | 12/26/2018 | Fred Imbert | Eustance Huang
    Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain most of the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 550 points higher as of 12:58 p.m. ET, while the S&P 500 gained 2.6 percent. The Nasdaq Composite outperformed, rising 3.5 percent. The Dow and S&P 500 briefly turned negative earlier in the day. Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 3.5 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 5.5...
  • Stocks Extend Fall Despite Mnuchin Bid to Reassure Investors: Dow drops 2% or more for fifth time

    12/24/2018 11:43:28 AM PST · by reaganaut1 · 81 replies
    Wall Street Journal ^ | December 24, 2018 | Avantika Chilkoti and Michael Wursthorn
    A bruising stock selloff continued, erasing more than 650 points from the Dow Jones Industrial Average as Treasury Secretary Steven Mnuchin tried to instill calm into a jittery market. Coming off the stock market’s worst week since the 2008 financial crisis, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite fell for a fourth straight session Monday as investors continued to weigh the impact of rising interest rates, slowing U.S. growth, and the ramifications of a government shutdown extending into January. With the selloff showing little signs of slowing, Mr. Mnuchin attempted to reassure investors, saying he had spoken...
  • The sell-off started with a mysterious plunge overnight

    12/06/2018 10:26:51 AM PST · by BeauBo · 25 replies
    CNBC ^ | 6 Dec 2018 | Thomas Franck
    Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.
  • Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears...

    12/04/2018 2:20:45 PM PST · by Morgana · 65 replies
    Daily Mail UK ^ | DECEMBER 4, 2018 | Francesca Chambers, White House Correspondent For
    FULL TITLE: Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears his 'truce' with China will be followed by full-scale trade war and recession U.S. stock markets plummeted Tuesday as a series of tweets from President Donald Trump suggested a trade war with China could resume next year despite claims of a truce and a long-term deal between the two countries. The Dow Jones closed almost 800 points down at 25,027, a loss of 3.1 per cent of its value, while billions were also wiped off the value of the Nasdaq and...
  • Stocks wipe out early gains!

    11/14/2018 11:32:18 AM PST · by entropy12 · 42 replies
    Yahoo.Finance ^ | 11/14/2018 | Emily McCormick
    US equities fell Wednesday, turning around after opening higher.
  • Trump declares 'market would crash' if Democrats impeached him

    08/23/2018 1:20:53 PM PDT · by 2ndDivisionVet · 43 replies
    Fox News ^ | August 23, 2018 | Brooke Singman
    President Trump, in an exclusive interview with Fox News' Ainsley Earhardt, warned that the “market would crash” if he's ever impeached -- while questioning why Democrats would even consider that course in the future. “I don’t know how you can impeach somebody who’s done a great job,” Trump said, in the interview which aired Thursday on "Fox & Friends." The president weighed in on calls from the left to pursue impeachment if Democrats seize the House in the midterms. That speculation kicked up following the plea deal struck by his former attorney Michael Cohen claiming the president was involved in...
  • Dow Plummets 666 points

    02/02/2018 5:50:05 PM PST · by Jess Kitting · 70 replies
    CNBC, Drudge Report ^ | Feb. 2, 2017 | Fred Imbert, Silvia Amaro
    U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow Jones industrial average dropped 665.75 points to close at 25,520.96, capping off the index's sixth-largest points decline ever. The 30-stock index also fell below 26,000. Friday also marked the first time since June 2016 that the Dow fell at least 500 points.
  • Growing the Free Market Through Smart Contracts

    01/23/2018 7:24:02 AM PST · by Kaslin · 2 replies ^ | January 23, 2018 | Lindsay Marie
    Smart contracts offer businesses something traditional contracts cannot: trust Advances in technology have led to the recalibration of most facets of the free market economy, while the drafting and execution of contracts have relatively remained the same for decades. That may no longer be the case due to a blockchain platform called Ethereum. Ethereum is a decentralized platform that runs specific types of contracts called “smart contracts.” Smart contracts are self-executing contracts that contain the terms of the agreement in lines of code. Smart contracts can increase trust which is the cornerstone of an operational free market economy. Just as...