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Market News

Location American Market News for 13 March 2020

Stocks Are in Chaos. Control the One Thing You Can.

Wall Street Journal - 13 Mar 2020 17:00
Whether the market goes up or down from here, it's time for an honest assessment about what you can do to minimize your regrets.
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Dorothy, We Aren't in 'Mediocristan' Any More

Wall Street Journal - 13 Mar 2020 00:16
Thursday's crash wasn't beyond belief because both epidemics and crashes happen more than we appreciate.
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Oracle reported earnings that beat estimates during another market selloff on Thursday.
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Eulogy To The Bull Market, Aged 11 Years And A Few Days The S&P 500 bull market died on Thursday after an 11-year run that returned 400% and tripled earnings. It was the longest run in history and preceded in a day by its brother, The Dow.
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Muni Bonds Plummet as Few Markets Are Immune From Selloff

Wall Street Journal - 13 Mar 2020 00:16
Municipal-bond prices plunged to record lows as investors worry that the coronavirus will drag down even stable investments.
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Treasury prices extended their declines Thursday while U.S. stock indexes suffered their worst losses since 1987--an unusual dual downturn that could signal the Wall Street rout is entering a painful new phase.
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5 Numbers Explaining Why This Week May Be A Tipping Point For The Economy "We're going to continue to have the volatility."
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Stocks End Chaotic Week With Biggest Gain Since 2008, S&P, Dow Soar 9% "Bear markets are unnerving, but history shows stocks eventually recover."
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Friday Frenzy: Huge Late Surge Nearly Erases Thursday's Losses As Washington Promises Help This late-session surge was great to see, especially with Financials getting so much of a boost. It's very hard for the market to stage a rally without participation from that sector. There's still a lot of questions and...
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Trump: I'm Waiving Interest On Student Loans Here's some good news.
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The Fed Put Has No Clothes

Wall Street Journal - 13 Mar 2020 20:26
In the stark reality of the coronavirus epidemic, investors find themselves facing a problem the Fed can't solve for them.
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A look into generational similarities and differences in investor psychology
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Coronavirus Impact: U.S. Tech Companies Fear Job Cuts, Income Loss These are the tech companies most panicked about job loss caused by the coronavirus.
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New York City State Of Emergency: De Blasio Says Schools And Mass Transit Will Stay Open Both the mayor and governor's offices are facing increasing pressure to curb the spread of coronavirus.
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Market Crashes Compared: -28% Coronavirus Crash Vs. 4 Historic Market Crashes The Dow Jones has declined by about 28% between February 11 and March 12, 2020, driven by the Coronavirus pandemic and turmoil in the crude oil markets. While it's difficult to say where this crisis could be headed, Tref...
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The Refi Boom Is Rattling Mortgage-Bond Investors

Wall Street Journal - 13 Mar 2020 18:53
Investors have been dumping mortgage bonds at a rapid clip, as interest rates plunge on concerns about the coronavirus pandemic and spur a flurry of refinancings that is creating bottlenecks through the mortgage system.
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Early Stage Technology Funding In The Time Of Coronavirus Early stage funding in the time of Coronavirus will persist.
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A Friday for Nursing Losses and Dispelling Superstitions

Wall Street Journal - 13 Mar 2020 18:47
In addition to unclogging the plumbing of the nation's financial system, the U.S. Federal Reserve struck a blow against a persistent malady--fear of Friday the 13th.
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Countries Curb Short Selling to Stem Steep Market Drops

Wall Street Journal - 13 Mar 2020 17:10
To stabilize markets, which have swung wildly in recent days, some countries have started to curb short selling, where traders bet a stock will fall.
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Hotels Turn to Layoffs, Room Rate Cuts as Business Staggers

Wall Street Journal - 13 Mar 2020 16:59
The U.S. hotel industry absorbed a direct blow during the first week of March with revenue per available room falling 11.6%, data show, amid canceled group events and sharp declines in corporate travel.
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The purchases are intended to address highly unusual disruptions in the market for Treasury securities associated with the coronavirus outbreak, the New York Fed said.
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ECB Tries to Calm Investors Nerves Over Debt

Wall Street Journal - 13 Mar 2020 16:14
A day after remarks by European Central Bank President Christine Lagarde helped send global markets reeling, the central bank scrambled to reassure investors that it would support countries such as Italy if their debt ca...
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