Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Dow Jones Industrial Average Extremely Volatile After Worst Day Since 1987
https://moneymorning.com/?p=1135468
Required Please enter the correct value.
Twitter
Stocks: BRK.A

Dow Jones Industrial Average Extremely Volatile After Worst Day Since 1987

By Garrett Baldwin, Executive Producer, Money Morning • March 13, 2020

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

The Dow Jones Industrial Average will attempt to rebound today after the worst single day for the markets since the 1987 crash.

The uptick comes after the New York Fed announced intentions to inject roughly $1.5 trillion in liquidity in the markets to help stabilize short-term lending.

We'll dive into these stories and more in a moment. But first, here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 21,200.62 -2,352.60 -9.99
S&P 500 2,480.64 -260.74 -9.51
Nasdaq 7,201.80 -750.25 -9.43

Let's take a look at the most important market events to start your day.

The Top Stock Market Stories for Friday

  • This morning, the S&P 500 will start the day for the first time ever in bear market territory. The S&P 500 joins the Dow in bear territory for the first time since markets rebounded from the Great Recession in March 2009. Yesterday, the S&P 500 slumped 9.5% as the ongoing downturn pushed investors to run for the exits and we hit "limit down" for the second time in a week.

  • Meanwhile, the U.S. Federal Reserve is poised to meet next week to discuss a potential interest rate cut. Markets suggest that we could move toward the zero-bound limit next week. Hedge fund manager David Tepper suggests that the Fed should pull out all stops to prevent a complete meltdown in the markets. Tepper has suggested that the central bank look at buying mortgages or Treasury bonds to help support the economy.
  • Finally, oil prices are rallying this morning, despite news that they are set to experience the worst week since 2008. WTI crude jumped more than 6%, while Brent added more than 6.3%. Crude oil prices have been slumping over the last week since Saudi Arabia announced intentions to stop cooperating with Russia and dramatically increase production.

Take Action: Market volatility has everyone on edge, but we have three steps you can take to protect your money and even set yourself up to profit. Click here...

Stocks to Watch Today: BRK.A, DIS, CMCSA, WORK

  • Berkshire Hathaway Inc. (NYSE: BRK.A) head Warren Buffett has announced that the company will hold its annual shareholder meeting without investors in attendance. "I very much regret this action; for many decades, the annual meeting has been a high point of the year for me and my partner, Charlie Munger," Buffett said in a letter to shareholders. "It is now clear, however, that large gatherings can pose a health threat to the participants and the greater community." The event will be held online.
  • Shares of Walt Disney Co. (NYSE: DIS) continue to slide due to the ongoing coronavirus crisis. The company had been reeling due to the cancellation of major sporting events, a trend that will directly impact its ESPN property. Now, the firm has announced it will shutter Disneyland through the end of March. Comcast Corp. (NASDAQ: CMCSA), which owns Universal Studios, has announced a similar plan as well.
  • Shares of Slack Technologies Inc. (NASDAQ: WORK) plunged as much as 20% overnight after the firm announced earnings after the bell. The firm said that it lost $0.04 per share, well below the $0.01 loss that analysts had projected. It also announced that revenue came in lower than analysts' expectations. Slack had received a significant amount of investor interest in recent days due to it being a "work from home" stock.

Market Chaos Action Plan: Coronavirus panic has the market unhinged. Get three strategies for beating volatility, including the most powerful wealth-building tool for buying low. Click here now...

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz