STOCK MARKET WATCH - Monday, 16 March 2020

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 16 March 2020

Previous SMW:
SMW for 13 March 2020




AT THE CLOSING BELL ON: 13 March 2020


Dow Jones 23,185.62 +1,985.00 (9.36%)
S&P 500 2,711.02 +230.38 (9.29%)
Nasdaq 7,874.88 +673.07 (9.35%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:







Gold & Silver:



Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[3Hotdogs]

1. Are Asian markets open now?

[Warpy]

2. Good sites to bookmark

Pre market trading: https://money.cnn.com/data/premarket/

World stock indices: https://sg.finance.yahoo.com/world-indices

Word to the wise and those of us with delicate nerves, don't look at the market before noon tomorrow. It's shaping up to be another wild day after 2 stumbling and lie filled press coferences by our Presidunce.

[Tansy_Gold]

3. I'll try to add those to the template

Thank you!

[Tansy_Gold]

4. Links added for Tuesday's SMW

We'll see then if I did it right.

[Warpy]

5. Anything to terrify those of us in the stock market.

Those are just the sites I use to keep my eyes on things.

There are other ones out there with more advertising and additional editorializing.

[Eugene]

6. Stocks plunge as Fed's emergency rate cut fails to calm panic

Source: Reuters

BUSINESS NEWS MARCH 15, 2020 / 5:54 PM / UPDATED AN HOUR AGO

Stocks plunge as Fed's emergency rate cut fails to calm panic

Wayne Cole
4 MIN READ

SYDNEY (Reuters) - Stock markets and the dollar fell heavily on Monday, after emergency rate cuts in the United States and New Zealand failed to allay fears about the coronavirus’ economic shock.

U.S. stock futures hit their downlimit before daybreak in Singapore. The dollar sank more than 2% against the yen.

Nikkei futures fell 6%. Australia’s benchmark stock index fell 7% in the first quarter-hour of trade. U.S. crude fell 5% to under $30 per barrel.

The U.S. Federal Reserve cut interest rates by 100 basis points on Sunday to a target range of 0% to 0.25%. It said it would expand its balance sheet by at least $700 billion in coming weeks.

“(The) market is wondering what the Fed knows that the rest of us don’t,” said Phil Orlando, chief equity market strategist at Federated Hermes in New York.

-snip-

Read more: https://www.reuters.com/article/us-global-markets/stocks-plunge-as-feds-emergency-rate-cut-fails-to-calm-panic-idUSKBN2121BM

[tclambert]

7. For the first time since 1983, I'm out of the stock market.

I sold everything last Tuesday. Lucked out that it was the day of that dead cat bounce. I hope to get a good deal and buy back in sometime in the future. My wife wants to wait until after the election.

[Hugin]

8. Same, same... But, I didn't leave the Market. It left me.

It threw all of my stuff out on the lawn and said we could still be friends.

[Maeve]

9. This is a a good market for those who like rollercoasters

The thrill of the climb, the terror of the fall....

not around the next couple of days (poll worker tomorrow) but will be thinking of you all. For those who don't know, I used to run this kind of thread for DU 2 back in the day and it draws me back in times of upset. Hold on---even if you are invested in the market, unless you need the money in the next 3 years or so, you will probably be ok in the long run (talk to your financial expert, however--don't accept anything ANYTHING you read online by some random person without getting expert back-upThat way lies madness!)

[Tansy_Gold]

10. 3:45 p.m.

Dow Jones Industrial Average 20,742.57 ?2,443.05 (10.54%)

[Tansy_Gold]

11. I think the PPT fairies failed

Though they did pull it back from a 3000+ point drop.

Dow Jones Industrial Average

20,188.52 ?2,997.10 (12.93%)


S&P 500 Index

2,386.13 ?324.89 (11.98%)


Nasdaq Composite

6,904.59 ?970.28 (12.32%)

[Maeve]

12. Do you suppose tRump will send an autographed copy of THIS day to Lou Dobbs?

[Tansy_Gold]

13. ::snicker::