Stocks end week on a down note 2020/04/04 02:30:26 SFGate
The stock market's first reaction to Friday's stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. As has become typical in recent Fridays, investors looked to get out of stocks ahead of the weekend, which could be filled with even more bad news. The losses accelerated after New York's governor announced the biggest daily jump yet for deaths caused by the coronavirus in the country's hardest-hit state. "It was interesting to see that the initial reaction to the jobs number wasn't more significant," said Lindsey Bell, chief investment strategist at Ally Invest. "As that sunk in, you started to see the market start to sell off after realizing that these numbers are going to get a lot uglier." The S&P 500 fell 38.25 points, or 1.5%, to 2,488.65. The Dow Jones industrial average fell 360.91 points, or 1.7%, to 21,052.53, and the Nasdaq was down 114.23, or 1.5%, to 7,373.
Wall Street fecha em queda após coronavírus destruir empregos nos EUA 2020/04/03 21:36:22 Globo
Crise do coronavírus encerrou série de 113 meses de crescimento dos empregos nos Estados Unidos. Os principais índices acionários dos Estados Unidos recuaram mais de 1,5% nesta sexta-feira, depois de dados mostrarem que o coronavírus encerrou abruptamente uma série de 113 meses de crescimento dos empregos nos Estados Unidos, intensificando os temores de uma profunda desaceleração econômica. Ainda assim, a perda de 701 mil empregos em março - revelada por números do Departamento do Trabalho - não capturou completamente os danos econômicos causados pelo vírus. A pesquisa considerou os dados apenas até meados de março, antes que amplos bloqueios nos Estados Unidos colocassem mais pessoas fora do mercado de trabalho. Wall Street Lucas Jackson/Reuters "Mesmo que investidores possam se preparar para alguns relatórios econômicos sombrios nas próximas semanas, temos um lembrete muito sóbrio do que está por vir a partir do relatório de empregos de hoje", disse Mark Luschini, estrategista-chefe de investimentos da Janney Montgomery Scott, na Filadélfia.
Sector ETFs That Stand Out During the Coronavirus Pandemic 2020/04/03 20:25:11 ETF Trends
As the coronavirus outbreak adds to uncertainty and causes wide swings in equities, some segments of the markets and related sector-related exchange traded funds could be more capable of weathering the storm. Among the S&P 500 names, company stocks that ended the first quarter in the green include those like consumer goods companies Clorox, J.M. […] The post Sector ETFs That Stand Out During the Coronavirus Pandemic appeared first on ETF Trends .
What is dollar-cost averaging? A simple investment strategy that will help most people build wealth over time 2020/04/03 18:52:35 Business Insider
Dollar-cost averaging is the process of investing the same amount of money in a particular asset over consistent intervals of time. The main goal of dollar-cost averaging is to reduce the effects of market volatility. While dollar-cost averaging can spread out your risk, studies have shown that it historically underperforms lump-sum investing. SmartAsset's free tool can find a financial planner to help you take control of your money » As the COVID-19 crisis has led to mandatory shutdowns and shocking unemployment numbers , investors have also faced unnerving levels of stock market volatility. It seems like nearly every day the market is swinging up or down by 5 percentage points or more. And individual stocks have often jumped or plummeted by 10% or more in single trading sessions. In wild times like these, the dollar-cost averaging method of investing could help investors avoid knee-jerk decision-making that hurts them in the long run. Below, we look at how dollar-cost averaging works, its pros and cons, and how to decide if it's right for you.
A Corporate-Debt Reckoning Is Coming 2020/04/03 18:15:00 Zero Hedge
A Corporate-Debt Reckoning Is Coming Via 13D Global Strategy and Research, The following article was originally published in “What I Learned This Week” on March 26, 2020. To learn more about 13D’s investment research, please visit their website . Corporate debt is the timebomb everyone saw ticking, but no one was able to defuse. Ratings agencies warned about it: Moody’s, S&P. Central banks and international financial institutions did too: the Fed, the Bank of England, the Bank for International Settlements, the IMF. Financial luminaries expressed concern: Jamie Dimon, Seth Klarman, Jes Staley, Jeffrey Gundlach, Henry McVey. Even a presidential candidate brought the issue on the campaign trail: Elizabeth Warren. Yet, as we’ve documented in these pages for more than two years, corporations have only piled on more debt as their balance sheet health has deteriorated. Total U.S. non-financial corporate debt sits at just under $10 trillion, a record 47% of GDP. One in six U.S. companies is now a zombie, meaning their interest expenses exceed their earnings before interest and taxes.
S&P 500: OXY gana más del 17%, NCLH baja un 14% 2020/04/02 19:10:48 Forex Street
Los principales índices de renta variable en los EE.UU. comenzaron el día en el territorio positivo el jueves, pero tuvieron dificultades para subir.
S&P 500 top movers: OXY gains more than 17%, NCLH down 14% 2020/04/02 18:46:31 FXStreet
Major equity indexes in the US started the day in the positive territory on Thursday but struggled to push higher. The weekly data from the US showed
Bank of America slashes its S&P 500 price target by 16% to the lowest on Wall Street, cites 'deepest post-war recession' on record 2020/04/02 17:54:35 Business Insider
Bank of America lowered its S&P 500 year-end target to 2,600 from 3,100 amid the coronavirus pandemic. "Our economists now forecast the deepest recession in the post-war era , and health care experts have extended the timeline for social distancing," equity and quant strategist Savita Subramanian wrote in a Thursday report. The bank also lowered its 2020 earnings-per-share forecast to $115 from $138. The 2020 forecast implies a 29% slump, worse than the average earnings drop during the great recession, which was about 20%. Read more on Business Insider . Bank of America has lowered its year-end target for the S&P 500 to the lowest on Wall Street amid the coronavirus pandemic. The bank's 2020 S&P 500 target is now 2,600, a 16% cut from the previous estimate of 3,100, according to a Thursday report from equity and quant strategist Savita Subramanian. "Our economists now forecast the deepest recession in the post-war era , and health care experts have extended the timeline for social distancing," Subramanian wrote. "We incorporate these elements, as well as what the world might look like post-COVID 19 into our market outlook." The report comes amid a major market rout spurred by the coronavirus pandemic.
Mid Caps & Small Caps. How Long Will Bears Stay in Charge? 2020/04/02 17:40:00 ETF Trends
Though the entire U.S. market has been caught up in the volatility that’s resulted from the fear surrounding the global COVID-19 outbreak, small and mid-cap stocks have shown themselves to be especially sensitive. For instance, while the S&P 500 and Dow Jones Industrial Indexes only reached bear market territory—read: down 20% from their highs—on March […] The post Mid Caps & Small Caps. How Long Will Bears Stay in Charge? appeared first on ETF Trends .
The top 25 oil and gas companies lost more than $810 billion in the last three months. Here's a ranking of the biggest losers. 2020/04/02 17:19:11 Business Insider
Energy stocks crashed over the last three months as the coronavirus pandemic cratered demand for oil, according to new data from S&P Global Market Intelligence. The top 25 oil and gas companies lost an eye-popping $811 billion altogether in market capitalization between the end of 2019 to the end of March 2020. Those remarkable losses are sending the industry spiraling , with companies filing for bankruptcy , firing staff, and slashing their 2020 capital expenditure . Using data provided by S&P, Business Insider ranked the top oil and gas companies by market cap loss in the last three months as a percent. Visit Business Insider's homepage for more stories . Energy stocks crashed in the first three months of 2020, falling by more than 50%, according to a report published earlier this week by S&P Global Market Intelligence. The broader S&P 500 slid, as well, by about 20%, the firm said. What that looks like in dollars is especially striking. The top 25 oil and gas companies by market capitalization at the end of March lost an eye-popping $811 billion in just three months, falling from a total market capitalization of nearly $2 trillion at the end of last year.
4 Top Stock Trades for Thursday: MSFT, T, PTON, SPY 2020/04/01 21:08:04 InvestorPlace
AT&T, Microsoft, the S&P 500 ETF and Peloton were our top stock trades for Thursday. That said, let's have a look at the charts now.
Bitcoin Price Walloped Stocks in Q1, But CNBC Still Says It’s Not a Safe Haven 2020/04/01 21:03:43 cryptopotato.com
The Bitcoin price dropped over the first quarter of 2020 amid the worldwide asset collapse. But it didn’t fall nearly as much as the major US stock market benchmarks. From January 2, 2020 (the year’s first day of trading on the New York Stock Exchange) through April 1, 2020, the S&P 500 Index capitulated some […] The post Bitcoin Price Walloped Stocks in Q1, But CNBC Still Says It’s Not a Safe Haven appeared first on CryptoPotato .
10 Biotech Winners And Losers In Q1 2020/04/01 20:35:44 Benzinga
The quarter was brutal to say the least for most asset classes amid the coronavirus (COVID-19) pandemic. The S&P 500 Index was down about 20% for the quarter. Amid the market mayhem, some health care stocks defied the downturn, thanks to announcements concerning development of drug/vaccine/diagnostic tests for new coronavirus. Focusing on biotechs (leaving out diagnostics stocks), here the top five winners and losers for the quarter. Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter . The Winners Genprex Inc (NASDAQ: GNPX ): (+656.25%) After ending 2019 in penny stock territory, shares of this gene therapy company began to gain ground after the company announced Fast Track Designation for its immunogene therapy in combination with AstraZeneca's (NYSE: AZN ) Tagrisso for treating lung cancer. The momentum accelerated after it signed an exclusive agreement to license a diabetes gene therapy from the University of Pittsburgh.
Dow ends with 4.4% loss as officials project jump in US coronavirus deaths 2020/04/01 20:35:41 Livemint
The selling was widespread, and all 11 sectors that make up the S&P 500 were down.Business closures as authorities tried to contain the coronavirus pushed private payrolls down by 27,000 jobs last month, the first decline since September 2017