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March 28, 2020

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Crazy volatility forces Wall Street strategists to suspend S&P 500 targets

CNBC
by CNBC04
CNBC – For more and to sign up click here The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended......
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CNBC Business

What could be ‘shocker’ economic reports may test stocks in week ahead

CNBC
by CNBC00
CNBC – For more and to sign up click here People make face shields at the Brooklyn Navy Yard where local industrial firms have begun manufacturing Personal Protective Equipment (PPE) on March 26, 2020 in New York City. Eduardo Munoz Alvarez | Getty Images Everything from auto sales to manufacturing......
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CNBC Business

Stocks ease after 3-day rally

CNBC
by CNBC01
CNBC – For more and to sign up click here A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters Dow Jones Industrial Average falls 915 points The Dow closed 915.39 points lower,......
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CNBC Business

Stocks snap 3-day win streak, Dow down 900

CNBC
by CNBC07
CNBC – For more and to sign up click here This is a live blog. Check back for updates. 10:47 am: Wall Street analysts upgrade stocks on hopes the market has bottomed Deutsche Bank upgraded Qualcomm to buy from hold. Bank of America downgraded JPMorgan to neutral from buy. Loop Capital......
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CNBC Business

US consumer sentiment falls to lowest level in more than 3 years

CNBC
by CNBC05
CNBC – For more and to sign up click here Doug Hassebroek shops with a protective mask during the outbreak of coronavirus disease (COVID-19) in Brooklyn, New York, March 25, 2020. Caitlin Ochs | Reuters U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak ramps up, according......
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CNBC Business

Stock market just had a bounce for the record books but faces big tests

CNBC
by CNBC03
CNBC – For more and to sign up click here Bank of America has sent more than 100 employees to work in a backup office in Connecticut. Tetra Images | Getty In just a few days, major stock indexes have made back more than half their losses, but technical analysts......
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CNBC Business

Stock futures decline after Dow caps off massive 3-day rally

CNBC
by CNBC02
CNBC – For more and to sign up click here People walk by the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures were lower on Thursday night following a sharp rally sparked by increasing expectations of massive......
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CNBC Business

These are the states with the most job losses so far because of the coronavirus

CNBC
by CNBC08
CNBC – For more and to sign up click here The record-breaking spike in U.S. jobless claims data released Thursday varied in its impact on American workers depending on the state as governors across the country instituted different combinations of restrictions and closures to help slow the spread of COVID-19.......
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CNBC Business

Markets take 3 million claims in stride and now brace for ‘tsunami of negative news’

CNBC
by CNBC09
CNBC – For more and to sign up click here The first crushing wave of 3.28 million workers seeking unemployment benefits is expected to be followed by millions more in coming weeks as the impact of virus-related shutdowns ripples across the U.S. economy. Economists had expected anywhere between 1 million......
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CNBC Business

Dow up 900, jobless claims top 3 million, stimulus bill to House

CNBC
by CNBC08
CNBC – For more and to sign up click here This is a live blog. Please check back for updates. Stocks attempted their third days of gains on Thursday, with investors looking past the release of record-breaking initial jobless claims while the Senate passed a massive economic stimulus bill amid the......
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CNBC Business

Morgan Stanley CEO Gorman tells employees: ‘Your jobs are secure’

CNBC
by CNBC05
CNBC – For more and to sign up click here Morgan Stanley CEO James Gorman told his employees that despite the upheaval caused by the coronavirus pandemic, their jobs will be secure through this year. “I am sure some, if not many, of you are worried about your jobs,” Gorman......
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CNBC Business

‘The Federal Reserve is working hard to support you’

CNBC
by CNBC07
CNBC – For more and to sign up click here Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters Federal Reserve Chairman Jerome Powell told Americans on Thursday the central bank is working hard......
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CNBC Business

Ken Griffin and David Tepper top Institutional Investor’s Rich List

CNBC
by CNBC09
CNBC – For more and to sign up click here Ken Griffin Lucy Nicholson | Reuters Renaissance Technologies’s James Simons, Citadel’s Ken Griffin, Points72’s Steven Cohen and Appaloosa Management’s David Tepper were among the biggest hedge fund earners in 2019 with each man raking in over $1 billion, according to......
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CNBC Business

Micron, Shoe Carnival, Ford and more

CNBC
by CNBC05
CNBC – For more and to sign up click here Check out the companies making headlines after the bell. Micron Technology — The semiconductor company’s stock jump 5% in extended trading after Micron posted a double beat on earnings and revenue in the second quarter. The company reported earnings of 45......
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CBS US News

Stock rise, extending the Dow’s biggest rally since 1933

CBS News
by CBS News07
CBS News – For more and to sign up click here Stocks rose on Wednesday as investors weighed whether the $2 trillion stimulus package may offset some of the economic pain of the coronavirus pandemic. The package would provide direct payments to most Americans, expand jobless benefits, provide $367 billion......
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CNBC Business

Jobless claims expected to spike to record-breaking number in millions

CNBC
by CNBC04
CNBC – For more and to sign up click here Job seekers stand in line at the employment help center in Miami, Florida. Getty Images Anywhere between about 1 million and 4 million people were expected to have filed for unemployment benefits last week, the largest number ever in such......
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CNBC - Real Estate

Commercial mortgages could be on brink of collapse

CNBC Real Estate
by CNBC Real Estate010
Lawmakers are working to reach an agreement on a massive stimulus package to combat the economic impact of coronavirus. Real estate investor Tom Barrack, Colony Capital chairman and CEO, is warning commercial mortgages are on the brink of collapse and that we are seeing the beginning of “a second crisis......
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CNBC Business

Stock futures falter following a historic rebound as massive stimulus deal nears

CNBC
by CNBC02
CNBC – For more and to sign up click here Stock futures were lower in overnight trading, following Tuesday’s historic rally, as investors awaited an unprecedented stimulus package to combat the economic impact of the coronavirus. As of 10:21 p.m. ET, futures on the Dow Jones Industrial Average fell 158......
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CBS US News

Dow jumps 2,100 points on Wall Street hopes of coronavirus bill

CBS News
by CBS News01
CBS News – For more and to sign up click here Stocks surged Tuesday as investors weighed the Federal Reserve’s vow to support key financial markets and prospects for a  nearly $2 trillion relief bill in Congress to help soften the economic impact of the coronavirus. The Dow jumped 2,113 points, or......
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