NYSE Safety Measures
Safety and health are top of mind, including at the New York Stock Exchange. We take you to the floor and show you some of the measures and precautions people are taking.
Coronavirus Cases Climb Above 200,000...
Coronavirus cases topped 200,000 globally and the Dow has dipped below 20,000 for the first time in more than three years. Meanwhile, central banks and governments are stepping up monetary and fiscal stimulus to try to calm the markets.
Market Volatility: The New Norm
US equity averages continue to see wild swings on both sides of the flat line. Uncertainty over the economic impact of the COVID-19 pandemic saw quadruple-digit moves for the Dow Industrials as the trading week got underway.
Fed March Meeting on Tap
The Federal Reserve may roll out stimulus measures beyond rate cuts and bond purchases. The central bank is attempting to ensure markets keep operating and banks will have liquidity during the COVID-19 outbreak.
Stocks Tumble & Oil Price War Wages On
NYSE Trader Peter Tuchman of Quattro Securities weighs in on the biggest market drivers this week and what is fueling the wild swings in stocks and oil. He also explains why circuit breakers are an important tool to help investors absorb information.
Growth Forecasts Downgraded on COVID-19...
2020 GDP forecasts are being scaled back in the short term due to the coronavirus outbreak. Expectations of a fiscal response from D.C. saw a pause in the worst equity market selloff since 2008.
US Jobs Growth Surges Before Coronavirus...
The US jobs report soared past expectations with the February data reflecting the landscape before the coronavirus began impacting global markets.
Flight to Bonds Pushes Yields to Lows
The yield on the benchmark 10-year note edged down to new record lows amid uncertainty over the economic impact of the COVID-19 outbreak.
Biden's Super Tuesday Victories Boost...
Super Tuesday results are giving markets a boost. Stocks turned higher as moderate candidate Joe Biden reemerged as the frontrunner in the Democratic presidential primary. Ed Yardeni, President of Yardeni research tells Asset TV that the market moves we've been seeing suggest "domestic US politics may matter as much as the global health crisis to investors."
Fed Surprises with Rate Cut
The Federal Reserve announced an emergency inter-meeting rate cut. Earlier, G7 finance officials pledged their commitment to offset the fallout from the coronavirus outbreak but stopped short of taking coordinated action.
Global Markets Enter Correction Territory
U.S. equity averages and the global markets pulled back sharply in a volatile trading week. As uncertainty over the impact of the coronavirus spread the major indexes are heading for the worst week since the financial crisis.
CDC Warns U.S. to Prepare for Potential...
The S&P 500 tumbled more than 6% in just two days and the Dow dropped 1900 points. It’s the worst two-day losing streak in years as investors are panicking about the deadly Coronavirus. On top of the spike in cases globally, the CDC just warned Americans to start preparing for a potential pandemic and the FDA said it's looking for potential drug shortages.
Market Selloffs: Triggering Circuit Breakers
U.S. equity averages tumbled as the trading week kicked off. The Dow Industrials fell over 1,000 points in its worst one-day percentage loss in over 2 years. The NYSE has three levels to determine when to halt cross-market trading.
Tariffs & Tipple: French Spirits Soar
The French Federation of Wines and Spirits Exporters (FEVS) boasted record overseas sales of wines and spirits in 2019. Q4 2019 saw a dip in exports after custom duties came into effect. The Office of the US Trade Representative decided to maintain the 25% tariff imposed on still wines in 2019.
Fed: To Cut or Not to Cut
The Fed left the central bank’s benchmark rate unchanged in a range between 1.5% and 1.75% at its past two meetings. Fed minutes from the Jan. 28-29 meeting indicated that FOMC members believe policy is appropriate for now.
Global Markets See Risk Appetite Ease
Coronavirus uncertainties are sliding into some earnings calls as Apple forecasts a pullback in its Q2 guidance due to the outbreak. This week's events include Fed minutes and the G20 gathering of finance ministers and central bankers in Saudi Arabia.
Stocks and Bonds: Tug-of-war with Risk-Reward
U.S. stocks tend to see a higher risk-reward profile during periods of exponential growth while bonds are known to have an inverse risk-reward relationship. In the bond market, the recent advance in Treasurys saw parts of the yield curve invert. The traditional American recession indicator may actually reflect global growth concerns.
Virus Outbreak to Destroy Oil Demand
The International Energy Agency expects global oil demand to contract for the first time in a decade during Q1 2020. The coronavirus outbreak is expected to ease world oil demand by 1.1 million b/d in Q1 with China expected to ease its oil consumption growth.
View From the Floor
From the headwinds to the tailwinds that sway market sentiment, the focus is on fundamentals and geopolitics that can create whirlwinds in the investing landscape. This channel features updates from the NYSE and the NASDAQ MarketSite.