U.S. stock market futures rallied from steep initial losses late Sunday, suggesting a pause to the selloff when trading begins Monday, following the worst week on Wall Street since 2008. Dow Jones Industrial Average futures YM00, +0.39% initially fell more than 300 points, but reversed course and were last upRead More →
The U.S. stock-market rally has unraveled, with a period of historic gains coming to a screeching halt, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Industrial Average DJIA, -1.39% fell into correction on Thursday, widely defined as a drop of at least 10%,Read More →
A historic week for the stock market ended with a big, fat question mark: what will the government and the Federal Reserve do about the coronavirus outbreak that threatens to decimate the longest-running bull market on record? The infectious disease, Covid-19, which reportedly originated in Wuhan, China, late last year,Read More →
Getty Images The biggest decline on Wall Street since the financial panic a decade ago reflects the rising angst over whether the COVID-19 coronavirus can be contained. The U.S. is flying blind when it comes to the economy: recent indicators have been rendered useless by the COVID-19 epidemic and itsRead More →
The breadth and intensity of this week’s coronavirus-fueled selloff in U.S. stocks has some analysts scratching their heads. Thomas Lee, founder of Fundstrat Global Advisors, may be one of the few to acknowledge that something isn’t right with a market that was just enjoying a record close days ago. “ThisRead More →
Investing lore has it that bond investors are the “smart money” since they know their way around financial statements. I’m not sure this is true. But if it is, bond guru Mark Vaselkik may qualify as one of the smarter investors around. He’s the chief investment officer for fixed incomeRead More →
The S&P 500 index flirted with a full-blown market correction Thursday, a move that would mark its fastest such slide since the financial crisis. The S&P 500 SPX, -2.22% was off around 64 points, or 2%, near 3,053 after trading as low as 3.006.96. A close below 3,047.54 would markRead More →
U.S. stock futures fell Wednesday night, after a news conference by President Donald Trump failed to reassure investors and as a new case of coronavirus with no known origin was discovered in California. Dow Jones Industrial Average futures YM00, -1.31% sank more than 300 points, and S&P 500 ES00,Read More →
Stock markets fell for third consecutive day Wednesday, following alarming news over the weekend that the coronavirus had spread much further than originally thought. Meanwhile, Treasury bonds TMUBMUSD10Y, -1.54%, Swiss francs FXF, -0.02%, and gold GLD, +0.44% — assets that generally attract investor interest in times of turmoil — rose.Read More →
Asian markets declined in early trading Wednesday following another sharp selloff on Wall Street as the global spread of the coronavirus outbreak continued to rattle traders. Japan’s Nikkei NIK, -0.79% sank 0.7%, and Hong Kong’s Hang Seng Index HSI, -0.82% dipped 0.5%. The Shanghai Composite SHCOMP, -0.82% Read More →
Kevin Muir of “The Macro Tourist” admits he’s typically an ursus arctos horribilis — grizzly bear — when it comes to the bond market, but, with stocks selling off hard, he can’t resist a trade he says is “setting up beautifully” in this climate. “I am aware that the virusRead More →
Stocks on Wall Street plunged Monday, but futures trading suggests a rebound — or a least a respite — on Tuesday. Dow Jones Industrial Average futures YM00, +0.61% rose more than 200 points on Tuesday, while S&P 500 futures ES00, +0.70% gained 0.8% and Nasdaq Composite futures NQ00, +0.98%Read More →
U.S. stock market futures sank late Sunday as the spread of coronavirus raised worries that global economic growth could take a hit. Dow Jones Industrial Average futures YM00, -1.37% fell about 400 points late Sunday, suggesting a steep drop when U.S. trading starts Monday morning. S&P 500 futures ES00,Read More →
Former New York mayor Mike Bloomberg vowed Friday to release female former employees from nondisclosure agreements, days after Sen. Elizabeth Warren of Massachusetts hammered him on hush agreements at the Democratic presidential debate in Las Vegas. The billionaire said in a statement that his namesake company had identified three NDAsRead More →
Dear Catey, I am a 40-year-old law-enforcement officer and hope to retire in 13 or 14 years. At that time, I will have 30-plus years on the job with a pension giving me 70% of my current income with a cost-of-living annual percentage increase around 2% or 3%. Additionally IRead More →
Here’s a market conundrum: A surging dollar doesn’t appear to be putting the brakes on an equity rally that’s pushed major U.S. indexes to all-time highs despite some periodic volatility tied to worries about China’s COVID-19 epidemic. A rapidly strengthening U.S. dollar can be a source of discomfort for stock-marketRead More →
The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China. Those hopes appear to have been dashed. A spreading coronavirus in China and elsewhere is snarling global supply chains, making itRead More →
U.S. Treasury yields extended their weeklong slump on Friday as investors worried that the economic impact of COVID-19 may not be contained to China, and is spilling over into neighboring regions. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -3.50% fell 5.4 basis points to a more thanRead More →
CHAPEL HILL, N.C. — Last year may have been one of Warren Buffett’s worst years ever. We won’t know for sure until Berkshire Hathaway BRK.A, -0.24% BRK.B, -0.25%, of which Buffett is chairman and CEO, releases its earnings Feb. 22, at which point we will learn how much the company’sRead More →
Asian markets were mixed in early trading Thursday after China’s central bank cut its loan prime rate, as expected. The People’s Bank of China cut its benchmark one-year loan prime rate by 10 basis points, and the five-year loan prime rate by 5 basis points. That came days after centralRead More →
skynesher/iStock Young couple using digital tablet with their financial advisor in the office. How are financial advisors investing their clients’ money? The most recent edition of the Advisor Insights Guide from BlackRock’s Portfolio Solutions team sheds some light. The guide, which covers the third quarter of 2019, aggregates information fromRead More →
U.S. stocks were mostly down, but off session lows, late Tuesday after Apple Inc. said that the viral outbreak in China would hurt its second-quarter results, reigniting fears that the disease may disrupt manufacturing supply chains and have broad implications for the global economy and financial markets. How are theRead More →
The human mind often works in fascinating ways that can help or hurt investors. If someone has to deliberately take action in order to participate in something, they are far less likely to do so than if they were signed up automatically with the option of not participating. This opt-in/opt-outRead More →
Festering worries about the spread of COVID-19 is a potential peril for the U.S. economy, but ailing manufacturers and tepid investment are already muzzling growth. Wall Street has been hoping for fresh signs of a rebound in business spending, but the first batch of reports for February is unlikely toRead More →
Hello Catey, I am a 53-year-old woman who is looking to retire within the next 18 months. I currently have a home that is paid for which I plan to use as a home base. Outside of that home, my assets are $150,000 cash savings and $1.4 million in myRead More →