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Top Things to Know in the Market on Friday, April 17th
- 2020-04-17
- Traiding Idea
The global economy will not recover by the end of 2021 Global economic activity, which has been severely damaged by the Coronavirus pandemic, will not be fully recovered until the end of 2021, said Gita Gopinath, chief economist at the International Monetary Fund. The International Monetary Fund (IMF) downgraded its economic forecast this week. The global economy is now expected to shrink by 3% this year but will return next year with a growth rate of 5.8%. Gopinath describes that rebound as a" partial recovery."
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Top Things to Know in the Market on Wednesday, April 15th
- 2020-04-15
- Traiding Idea
The world is facing the worst recession since the 1930s While governments worldwide are battling the Coronavirus pandemic, the International Monetary Fund has warned that the world economy will experience its worst financial crisis since the Great Depression. The Washington-based organization said the global economy would contract by 3% in 2020. This is in stark contrast to the organization's previous forecast in January. That month, it had forecast global GDP expansion of 3.3% for this year.
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Top Things to Know in the Market on Tuesday, April 14th
- 2020-04-14
- Traiding Idea
The OPEC+ deal saved more than 2 million jobs in the United States The vulnerability of America's shale patch became apparent with falling oil prices due to the Russia-Saudi Arabic price war. But the recent agreement to reduce OPEC+ production saved jobs in the U.S. oil industry, said Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF). The U.S. president, who was involved in negotiations, tweeted that the deal "will save hundreds of thousands of energy jobs in the United States."
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Top Things to Know in the Market on Thursday, April 9th
- 2020-04-09
- Traiding Idea
The Dow Jones jumped 700 points, retakes 23,000 as markets continue to recover At the end of Wednesday's trading session, U.S. stock surged as Bernie Sanders dropped out of the presidential race, and some Wall Street political concerns were relieving. The Dow Jones industrial average jumped 779.71 points, or 3.4 %, to 23,433.57. S&P 500 rose 3.4 % to 2,749.98, , while the Nasdaq composite climbed 2.6 % to 8,090.90 points.
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Top Things to Know in the Market on Wednesday, April 8th
- 2020-04-08
- Traiding Idea
Stocks fell after a roller-coaster session After a volatile trading session, U.S. stocks completely giving up the massive rally from earlier in the day. This happened while Wall Street assessed the latest news of the coronavirus outbreak. The Dow Jones Industrial Average completely lost its 937.25 points jump, which was recorded at the beginning of today's trading. Finally, it closed with 26.13 points or 0.1 % drop at 22,653.83.
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Top Things to Know in the Market on Tuesday, April 7th
- 2020-04-07
- Traiding Idea
Dow Jones jumped 1,600 points As the number of new cases of coronavirus decreases, U.S. stocks returned on Monday from sharp losses in the previous week. The Dow Jones Industrial Average jumped 1627.47 points, or more than 7%, to 2,2679.99. The S&P 500 rose 7 % to close at 2,663.63, while the Nasdaq composite gained 7.3 % to close at 7,913.24.
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Top Things to Know in the Market on Monday, April 6th
- 2020-04-06
- Traiding Idea
On Friday, stocks fell to end another volatile week of trading in U.S. markets. The rise in deaths due to the coronavirus in New York, as well as a dismal U.S. jobs report, has put pressure on financial markets. The Dow Jones Industrial Average fell 1.7 %, or 360.91 points, to close at 21052.53. S&P 500 fell 1.5 %t to 2488.65. The Nasdaq composite also dropped 1.5 % to 73,733.08.
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Top Things to Know in the Market on Thursday, April 2nd
- 2020-04-02
- Traiding Idea
Dow Jones dropped 900 points as Wall Street fears Coronavirus will shut down the economy longer than expected Global stocks continued to plummet after President Donald Trump announced that the United States should prepare for a ''very, very painful two weeks'' and the death toll of the Coronavirus will rise sharply in the country.
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