[Editor’s Note: This article was updated on Feb. 28 to include the most relevant information.] More than $6 trillion of global market value has been wiped out all thanks to coronavirus fears and concerns it could significantly slow global growth. To date, the death toll is quickly nearing 3,000, with 83,000 cases around the world.
There’s no denying the obvious. Right now, financial markets across the globe are unstable, with the U.S. stock market dropping 3% on back-to-back days in late February (the market has only done that 15 times in the past 80 years). Fortunately, when markets wobble, investors have a simple solution to steady their portfolios — by
A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday,
Traders on the floor of the New York Stock Exchange swapped stories all week about the extreme trading conditions they witnessed — conditions that have not been this wild since the financial crisis in 2008. For Virtu’s Matt Cheslock, it was the stunning move in bond yields: “As an equity trader, seeing over 10 basis
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the
Or that maybe the zombies had risen up and eaten their brains. For a few days there, the US Dollar rose. Not unusual. But silver and gold also rose. La-la land. Then someone who actually reads numbers noticed that Japanese traders were swapping the Yen for the USD. Probably a smart move, as their economy
Stocks everywhere are getting roiled by rising concerns that the coronavirus from China is quickly turning into a global pandemic. Semiconductor stocks are getting hit twice as hard. And Micron (NASDAQ:MU) stock is getting hit three times as hard. Source: madamF / Shutterstock.com In February, the S&P 500 has fallen 8% off its highs, the iShares
Some investors likely thought the worst was over midday Thursday. About halfway through the trading session, the S&P 500 was down just 0.7%, and had rallied almost 3% from morning lows. Source: Shutterstock It was not to be. The S&P reversed and closed at the lows. The index posted its worst one-day loss since August
The broad market indices are going down. But that doesn’t mean the entire market is headed down with them. First, it pays to remember in times like these, that the big indices are price weighted. That means the higher the price of the stock, the more it affects the movement of the index. Sometimes, one
You don’t grab a falling knife. But you don’t want to pass up a bargain. The coronavirus from China has revealed a host of potential bargains in the market’s minefield. Let things settle. Wait for a nothing day with the market closing slightly higher, and some (but not all) of the panic to go away.
Richard Branson, founder of Virgin Group Ltd., speaks during an interview following Virgin Galactic Holdings Inc.’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Oct. 28, 2019. Michael Nagle | Bloomberg | Getty Images Traders who rushed to buy Virgin Galactic in its
Check out the companies making headlines in the premarket Friday: Wayfair IPO on the floor of the New York Stock Exchange Lucas Jackson | Reuters Beyond Meat (BYND) — Shares of the Beyond Meat dropped more than 11% after the company reported a surprise quarterly loss. The meatless food company posted a loss of 1
Gold, meanwhile, hung in pretty well, as you would expect for a safe haven during a sudden drop. Here’s the 1-month chart of GLD, the unleveraged gold ETF, compared to the Dow 30 average over the same period. The charts are pulled right after the open on Friday, so the last day is “today” but
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Investors bullish on cannabis no doubt are considering Aurora Cannabis (NYSE:ACB) stock right now. After all, currently below $2, Aurora stock looks cheap. Source: ElRoi / Shutterstock.com I’m one of those investors who believes cannabis has a bright future. Indeed, I have a service, Cannabis Cash Weekly, dedicated entirely to the sector. It’s true that
The markets were hammered in late-morning trading, bounced in midday trading and are fading in the afternoon. That said, here’s a look at a few top stock trades, as volatility remains high. Top Stock Trades for Tomorrow No. 1: S&P 500 ETF (SPY) Let’s look at the SPDR S&P 500 ETF (NYSEARCA:SPY), because it’s not
When looking for stocks to light up a portfolio, the cannabis sector might not be the first place that comes to mind. Those following the industry have seen the situation go from bad to worse, with high tax rates and supply issues bogging down the U.S. market. Meanwhile, its neighbor to the north in Canada
When the market dips, you want to pick up fast-growing dividend stocks at a bargain. That is what happened this past week. As a result, these five super-fast-growing dividend stocks have become cheap. In putting this article together, I wanted to focus only on stocks whose dividends have grown 20% or faster in the past
Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Square has been an outlier in this week’s payment stock wreckage. Shares of Mastercard, Visa, American Express and Paypal
Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Beyond Meat — The meat substitute maker’s stock plunged 8% in extended trading after the company reported a fiscal fourth-quarter net loss of $0.5 million, or 1 cent