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 Remains Volatile After Fed Announces Mother of All Stimulus Programs
https://moneymorning.com/?p=1136394
Required Please enter the correct value.
Twitter
Stocks: amzn, BA, MS

Dow Jones Industrial Average Remains Volatile After Fed Announces Mother of All Stimulus Programs

By Garrett Baldwin, Executive Producer, Money Morning • March 23, 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Your email address will not be published.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 could see big swings this week on the Federal Reserve's efforts to save the American economy.

The U.S. central bank announced a number of new programs to address the systemic challenges faced during the coronavirus pandemic. These programs include another $300 billion in lending for Main Street businesses, plans to purchase mortgage-backed securities, and more Treasury purchases. Details further down.

First, here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 19,173.98 -913.21 -4.55
S&P 500 2,304.92 -104.47 -4.34
Nasdaq 6,879.52 -271.06 -3.79

Now here are what I think will be the most important market events and stocks on Monday morning.

The Top Stock Market Stories for Monday

  • The coronavirus continues to spread around the globe at breakneck pace. Global cases topped 343,000 people on Monday with at least 14,790 deaths. In the United States, Johns Hopkins University says that at least 35,224 cases are reported. This morning, Roche announced that broad testing for every American could be weeks if not months away from deployment.

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...

  • The fallout from the coronavirus appears to be extreme. Morgan Stanley (NYSE: MS) has projected that U.S. GDP growth will slump by 30% over the second quarter, which would bring it to its lowest levels in 74 years. This comes a few days after Goldman Sachs projected a 24% decline, and 50% slump projection by the Federal Reserve Bank of St. Louis chair James Bullard. Morgan Stanley does not expect that a depression will arrive in the United States.
  • Meanwhile, U.S. oil prices were ticking slightly higher after the Federal Reserve announced plans to provide support for the markets. Prices have been under extreme pressure due to the ongoing spat between Russia and Saudi Arabia. The latter country recently announced it was calling off a deal to cap production. The Saudis will now increase production and aim to capture as much market share as possible. That said, oil remains in low demand with the coronavirus spreading around the globe.

Stocks to Watch Today: BA, RCL, CCL, NCLH, AAPL

  • Shares of Boeing Inc. (NYSE: BA) are on the move after the company received an upgrade from Goldman Sachs Group (NYSE: GS). Goldman predicted that Boeing would survive the ongoing threat from coronavirus and that air travel will be as popular as it was once this disease has burned out.
  • Amazon.com Inc. (NASDAQ: AMZN) announced plans to increase worker pay at its warehouses around the country. The decision comes a few days after rival Walmart Inc. (NYSE: WMT) announced similar plans. Both companies have ramped up hiring in recent weeks in order to address the surging demand for delivery services as social distancing efforts continue around the United States.
  • Marriott International (NYSE: MAR) and Hilton Hotels (NYSE: HLT) are two major hotel operators that are seeking a bailout from the U.S. government. In the meantime, the two firms have put tens of thousands of employees on furlough as the industry deals with the dramatic decline in travel across the world.

Dizzying Market Moves: It feels like the stock market changes course every time you blink, but you can limit risk and even line up profits. Find out just what to do (and not do). 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

Ā© 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