US equity futures hit limit down after Congress fails to agree on a $1.6 trillion stimulus package The US stock futures and the Asian market collapsed on Monday after the number of confirmed Coronavirus cases in the world exceeded 300,000, and The US $ 1.6 billion stimulus package has faced political restrictions.
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Read MoreThe US dollar surged on the Forex as the Dow Jones Index rose more than 800 points. The Dow Jones stock index rose 5.20% to 21,237 points last night. The S&P 500 index rose 6% to 2529 points, and the Nasdaq index jumped 6.23% to 7334 points. The situation in the global financial markets is rapidly changing, and this has caused investors to disagree on asset pricing. In the crude oil market, the market remains volatile. The crude oil price has recently fallen to its lowest level since the year 2003.
Read MoreUS stock futures have risen, and demand for the Japanese yen has fallen. But there is still no news of the return of calm to the market. Yesterday was the worst trading day for the US stock market. The decline in US stock indices has been unprecedented since the year 1987. The Dow Jones stock index fell 12.93%, the S&P 500 index fell 11.98%, and the NASDAQ index fell 12.32%. At present, US stock indices have fallen by almost 30% from their recent highs.
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Read MoreOn the first trading day of the week, we see the fall in US Treasury yields and stock index futures. The US Federal Reserve has cut interest rates again. The Federal Reserve did not wait for Wednesday's interest rate meeting. The central bank lowered interest rates by 1%, and the current US interest rate has ranged from 0% to 0.25%. The Federal Reserve is deeply concerned about the economic consequences of the Coronavirus. US Treasury yields fell more than 30 basis points. The S&P 500 futures dropped 5% and reaching a daily "limit down" while US stock markets ended Friday with a strong upside.
Read MoreLast night, the US stock market crashed. The Dow Jones Index, the NASDAQ, and the S&P 500 fell by 9.5% to 10%. All three indices are at least 25% off their recent peaks. It was the worst day in the US stock markets since the year 1987. Usually, when the stock market falls 20% from its recent high, The market has officially entered a downward trend. Investors are cashing in on all financial markets.
Read MoreThe global stock markets continue to plummet, and demand for the Japanese yen and US Treasury bills increase. The US president has stopped passenger arrivals from Europe for 30 days to limit coronavirus spread. While investors were awaiting details of the US government's protection package to combat the Coronavirus, Donald Trump made no mention of the features of the protection package.
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