Previously, the target range of the interest rate varied from 1% to 1.25%. Now the benchmark for both short-term lending for financial institutions and a peg to consumer rates will be targeted at 0% to 0.25%. Dow Futures lost 1,000 points.Yesterday evening, U.S. stock futures plummeted by 5%. Dow futures plunged 1,041 points or about 4.5%. S&P 500 futures closed down about 4.8%, while Nasdaq futures were down 4.5%. The drop followed the initiative of the U.S. Federal Reserve.On Sunday,...
Read More »Bitcoin and S&P 500 Correlation Has Never Been So Accurate
Bitcoin and S&P 500 Price Index correlation proves that cryptos and stocks have one thing in common – the American retail investors and corporation bosses. This week is one of the most dangerous in the last 11 years, as the corporate and personal income melts amid coronavirus preparations.People see what happens in Italy and rush to the supermarkets to buy tons of food, supplies, toilet paper and so on. The shares and stocks lost another part of their value, and cryptocurrencies received...
Read More »European Shares Close in Green, EU Starts Fight with Coronavirus
European shares closed higher on Friday after their worst sell-off in history, as the fast spread of the coronavirus pandemic continues to dominate investor sentiment.European shares closed higher on Friday, following Thursday’s slump amid coronavirus. On the data front, German Destatis reported that the inflation in Germany rose 1.7% in February, while investors kept their eye on the developments in Italy, which is the hardest-hit country in Europe with COVID-19 outbreak. The coronavirus has...
Read More »Dow Jones Rebouncing, Investors Are Buying
Stocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. The Dow Jones Industrial Average jumped 1,238 points, for a gain of 5.8%. The S&P 500 rose 5.2%, while the Nasdaq Composite jumped 5.7%.The Dow Jones Industrial Average index was more than 1,200 points higher at the open on Friday amid market recovery from yesterday’s fall.The Dow Jones jumped 5.32% at the opening bell. Intel Corp (NASDAQ: INTC) was among the best performers, adding 9.16%. The...
Read More »Inovio (INO) Stock Plunges 28% in Pre-Market Results Today Following Disappointing Q4 Report
Inovio stock has been swung significantly in the last 24 hours after rising on news of a new grant and plunging on news of its poor Q4 report.The continuous spread of the coronavirus COVID-19 strain has directly placed a large spotlight on biotech companies and their stock. Because most of them are scrambling to find some treatment or vaccine for the virus, they have seen sharp spikes in value like never before experienced. For Inovio Pharmaceuticals (NASDAQ: INO) stock, several market...
Read More »Dow Futures Up Today After Thursday’s Historic Wall Street Massacre
After a terrible market crash on Thursday, Dow futures and a few others, are starting to slowly correct some of the losses they incurred.On average, 2020 has been quite a terrible year for the stock market. Stocks all over the world have been falling quite terribly for a while now, on fears of the coronavirus COVID-19. The outbreak has brought about so much volatility in the market that many analysts are finding it very hard to predict a reasonable trajectory like they normally would....
Read More »Bitcoin Price Drops to $3,637 but Rebounds Above $5,000 within Minutes
In general, the crypto market is on the wane today. Bitcoin, Ethereum, XRP and other coins are dropping. More volatility is expected. BTC price has returned to the above $5,000 levels.The crypto market is so volatile that incredible changes can occur within minutes. A prime example of such a leap is the leading digital currency. First, Bitcoin price drops to $3,637, but in just 30 minutes, it bounds back and jumps to $5,260. Such performance is accompanied by the downward movement of the...
Read More »Uber and Lyft Stocks Dip 8% and 12 % Respectively Due to Coronavirus Fears
Uber (UBER) stock price is at $23.54 which is a 10.29% decline since trading started. Lyft (LYFT) stock price is at $25.29. This is an 12.82% decline since trading hours began as well.Uber Technologies Inc (NASDAQ: UBER) and Lyft Inc (NASDAQ: LYFT) stock prices have fallen. Sources say that this is due to COVID-19 fears. The main fears have to do with people sharing car rides with absolute strangers. Those fears are said to be part of the general panic sweeping through the world at the...
Read More »FX, Commodities and More: Build the Perfect Trading Portfolio with PrimeXBT
PrimeXBT is a good choice for traders seeking diversification thanks to the low fee structure that rewards those who take positions more frequently, or across many asset types. There are several factors that go into a proper risk management strategy.Any trader worth their salt very well understands the importance of planning and execution, which includes the timing of exits or entries with limit orders and setting stop loss or take profit orders at key levels.But one critical factor is often...
Read More »European Stocks Slide 6.4%, Travel Down 10%, Trump Imposes Travel Ban from Europe
European stocks have crashed after U.S. President Donald Trump imposed a ban on travel from several countries in Europe. Travel volume has also plunged.As the coronavirus continues to spread, several countries are increasing the measures they are taking to curb the infection. Many parts of China, where the virus first originated, are still on lockdown. Italy, which currently has the second-highest number of infections, has also imposed restrictions on several parts of the country. Confirmed...
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