stocks

As the world waits for more economic stimulus, stocks stabilize following Monday’s market rout

Investors seem to be taking a wait-and-see approach to the markets right now, after a bumpy evening where a Presidential tweet and commitment of economic support seemingly sent traders to smash buy buttons before realizing that there was no...

Stocks spike as President Trump declares national emergency

President Donald Trump’s national emergency declaration, which began just a half hour before the market closed, pushed stocks higher Friday, providing at least temporary relief to shares that have been throttled this week on fears of the COVID-19 pandemic. Trump...

COVID-19 market turmoil tests NYSE’s shutdown circuit-breakers

For the second time this week trading on the New York Stock Exchange halted for 15 minutes this morning when a market drop triggered the exchange’s internal circuit breaker, shortly after 9:30am. The control, part of the NYSE’s automatic provisions...

Stocks fall again, pushing deeper into bear territory as SaaS reaches 1 year lows

American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier today. All major American indices are now in bear-market territory, having...

Tech stocks follow the market lower as Uber and Lyft drop sharply

Stocks listed on American exchanges today fell sharply, erasing their Tuesday rebound and adding to their Monday declines. On a day that saw the World Health Organization declare that the spread of COVID-19 has officially become a pandemic, with 4,000...

Turbulent trading leads to market gains as stocks recover, SaaS lags

Sometimes, it takes only the promise of a massive government bailout to put that rose-colored filter on the effluent sandwich of today’s economic realities. After yesterday’s terrifying sell-off, American equities recovered today, with the major domestic indices rising to close...

SaaS stocks drop over 8%, reaching bear-market territory

Today was an awful day for the stock market, with global and domestic equities falling sharply as the world digested a collapse in oil prices, and yet another weekend of the spread of COVID-19. All major U.S. indices were...

US stocks tank after global equities retreat, oil collapses, bond yields fall, and cryptos drop

Welcome to the bloodbath. This morning the major US indices opened sharply lower, with the Dow Jones Industrial Average down 872.42 (or 3.37%) to 24,9992.36, the S&P 500 slipping 193.41 (6.51%) to 2,778.96, and the Nasdaq off 90.16 or 6.96% at...

Investors move from coronavirus woes to Biden wins as markets rally on Super Tuesday results

While the aftermath of Super Tuesday has left the Democratic party riven between its more liberal and moderate wings, investors viewed last night’s results as a win for business and markets. Shaking off the steady beat of bad news about...

Robinhood blames record trade volume & itself for outages

It wasn’t the leap year, a coding blip, or a hack that caused Robinhood’s massive outages yesterday and today that left customers unable to trade stocks. Instead, the co-CEOs write that “the cause of the outage was stress on...
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518 people in the US die in 24 hours from coronavirus

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New York exceeds 1,200 dead and 66,000 infections by coronavirus

New York exceeds 1,200 dead and 66,000 infections by the coronavirus Governor Andrew Cuomo said that in the last few hours there had been 1,014...