The Dow Jones Industrial Average remains volatile on the spread of coronavirus today.
Investors appear to be embracing the White House's approach to coronavirus containment after President Trump ordered social distancing measures stretch through April 30.
by Shah Gilani
Monday's stock market declines weren't unexpected, though the extent of losses was shocking.
Investors had been selling stocks for the previous two weeks on coronavirus fears, starting immediately after U.S. benchmark indexes made record highs on Feb. 12, 2020.
A "dead cat bounce" last week didn't fool seasoned traders, who saw huge inflows into U.S. Treasuries last week as a warning sign there was more equity selling to come.
As COVID-19 hotspots cropped up across the globe and infections rose along with fatalities in U.S. cities and states over the weekend, right on cue, sell orders flooded brokerages before markets even opened Monday morning.
So many sell orders in fact, markets couldn't open. Instantaneous and extraordinary selling knocked stocks "down limit," or 7%, at the open, triggering a "circuit breaker" halt to trading for 15 minutes.
After 15 minutes, exchanges let stocks trade again, and they fell another 1% before buyers, probably computer-driven algorithms, started buying beaten-down names like Microsoft and Amazon.
But buying volume was thin all day, and sellers more often overwhelmed attempts to lift stocks higher.
Stocks closed 144 points off their session lows of 2,158, ending down 2,013.76 points to 23,851.02. That's a 7.79% drop in one day and a 19.3% drop since Feb. 12.
Most evident in yesterday's carnage were the market's worst enemies: fear and panic. That tells me something about what I'm watching today… Full Story
The Dow Jones Industrial Average dropped over 2,000 out the gate as OPEC is now in an all-out price war.
The world's largest oil cartel could not agree on production cuts in response to the coronavirus.
Futures contracts at CME hit "limit down" over the weekend and halted trading for a short period. More on this story below.
by Tom Gentile
There's a lot of speculation over what the novel coronavirus panic will do to stocks.
That's why we've covered the best actions to take now, and we'll continue uncovering profit opportunities in these areas.
But more importantly, a huge cash cow has been revealed somewhere else.
You see, while the price of oil is down 24% in just the last month, demand isn't going away.
In fact, it'll increase this year.
The Dow Jones gained about 17 points in premarket hours as investors continue to cheer the year-end rally.
The S&P 500 is now up 2.6% in December and has added more than 8% during the fourth quarter.
Markets continue to rally in the wake of the Trump Administration’s “Phase One” trade deal with China.
by Tom Gentile
Today, I'd like to tell you about a number of ways to lower your risk by using options.
With these strategies, you can potentially spend less money upfront, make more on the return, and profit no matter which way a stock moves.
The latest estimate from the EIA is the latest in a string of historic breakthroughs for the
American oil industry. In fact, record-breaking production levels, explosive global demand,
and increasing instability plaguing rival producers are putting the nation on track to
become the world's most important oil producer…
And that's setting our top oil stock to buy for tremendous profits...
by Daniel Smoot
With a valuations as high as $2 trillion, Aramco could be the biggest IPO ever.
But is Aramco stock a buy at its IPO? Find out, here, with our experts at Money Morning.
According to a study from Macro Risk Advisors, October has been the most volatile month for investing over the last 30 years.
And October is traditionally a volatile month as it is.
The CBOE Volatility Index (VIX) has jumped an average of 21 points every October since 1989.
Expect to hear the term "Black Swan" or "Grey Swan" a lot on Monday.
That's because something happened that everyone in the world should have seen coming, and it's going to have a significant impact on the geopolitical map in the Middle East.
The Dow Jones Industrial Average will slide today after the largest single-day crude price uptick in almost four years.
