Dow Recoils as Trump’s $100 Million Gift Triggers Stock Market Alarms

Coronavirus concerns prompted Dow bulls to head for the exits ahead of the close of trade on Friday. The Trump administration said the U.S. was prepared to offer $100 million of assistance to China. Economists are predicting coronavirus will have a substantial impact on the stock market. The Dow Jones dove nearly 300 points on […]

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Dow Eyes Record High as Dire Forecasts Fail to Dent U.S. Stock Market

The Dow touched a new record high on Thursday as stocks rose for a fourth consecutive day. ING economists believe that the U.S. stock market could be exposed to risk-off trade due to its high valuation. Many Dow stocks could have to deal with a huge hit to Chinese consumer spending. The Dow Jones rallied […]

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Dow Reverses From Its Highs as Coronavirus Flare-Up Batters Oil Prices

Bulls and bears collided on Monday, as the Dow Jones reversed from its highs to secure a 150 point rally. ISM manufacturing impressed, helping lift the Dow early, but economists are concerned this will be a temporary peak. A slide in crude oil is weighing on the stock market. The Dow Jones came under pressure […]

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Beijing Can’t Save China’s Stock Market from a Coronavirus Reckoning

Chinese financial markets will open on Monday with a massive capital injection. By spending 1.2 trillion yuan to prop up the stock market, Chinese authorities hope to prevent a massive crash when trading resumes. The government’s efforts will fail. Chinese stock markets are set to reopen on Monday morning after an extended Lunar holiday break. […]

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Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why

The price of gold rallied 0.9% to $1,590.70/oz. on Thursday, the highest in three weeks. A combination of technical and fundamental forces has bullion hitting new seven-year highs this quarter. Inflows into gold exchange-traded funds (ETFs) have already hit seven-year peaks. The price of gold rallied sharply on Thursday, as coronavirus fears overshadowed economic data, […]

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