Analysts said that many sectors have started to feel the ill effects of the 21-day lockdown
On Tuesday, US President Donald Trump warned Americans of a "painful" two weeks ahead.
Wall Street's three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.
Wall Street's volatility index has retreated from 12-year highs but is still at levels rarely seen since the global financial crisis.
The S&P 500 index closed up 3.35 per cent at 2,626.65 on Monday.
A record $2.2 trillion in aid and unprecedented policy easing from the Federal Reserve helped the S&P 500 post its biggest weekly percentage gain in over a decade last week, and the Dow Jones its best since 1938.
Analysts said the NSE barometer needs to respect the support of 8,244, else the downside may resume.
The United States surpassed China as the nation with the most number of COVID-19 cases, putting more pressure on lawmakers to flood the country with cash to support businesses and families.
Global markets rallied, helping the morale of domestic investors.
Japan's Nikkei firmed 1.0% after a jittery start, while South Korea added 2%.
Analysts said the market is expected to stay volatile and witness value buying during each dip.
The CBOE volatility index fell 5 points on Thursday, but was still near levels far above those in 2018 and 2019.
Beijing is stepping up plans for a new 'mini-IPO" market to help the country's army of small companies access capital quickly.
Despite Friday's rout, all three indices finished the week with solid gains as the giant stimulus moved through Washington towards the desk of the president, with the Dow experiencing its largest weekly gain since 1931.
On the daily chart, the index formed a bearish candle with a lower wick. This suggests that the intraday recovery was sold into.
The S&P 500 rallied for a second straight session on Wednesday as the U.S. Senate appeared near a vote on a $2 trillion package to support businesses and households devastated by the coronavirus pandemic.
The S&P 500 remains down about 27% from its February record high, a loss of more than $7 trillion in stock market value.
Recessionary forces and general uncertainty are forcing investors to redeem their investments.
Investors are pinning their hopes on a $2 trillion economic rescue package, negotiations over which appeared to have made progress late on Monday.
All three main U.S. stock indexes rebounded strongly from Monday's brutal selloff as the coronavirus outbreak forced entire nations to shut down.
The energy sector fell 5%, tracking a plunge in oil prices.
Analysts said the index needs to breach the 8,900-9,000 range in the near term, before instilling confidence among market participants.
The Finance Ministry is working with officials to finalise the stimulus plan.
Keep deploying cash as at every opportunity, says co-founder of Complete Circle Consultants.
President Trump, in a now regular update for Americans hunkered down in their homes, said there were therapies that he believed could be rolled out quickly.
India's drug controller has been issuing licenses to molecular diagnostic companies to just get their Covid-19 testing kits validated by the National Institute of Virology. A license to get a test validated is different from a license to manufacture a kit.
The Nasdaq Composite was up 90.90 points, or 0.93%, at 9,823.65.
Nifty needs to breach the 8,900-9,000 range, before instilling confidence among investors.
Australia's S&P/ASX 200 index rose 1.5 per cent in early trade - its third positive start in as many sessions, but also its most muted.
The Dow Jones Industrial Average rose 188.27 points, or 0.95%, to 20,087.19, the S&P 500 gained 11.29 points, or 0.47%, to 2,409.39 and the Nasdaq Composite added 160.73 points, or 2.3%, to 7,150.58.
The broad-based S&P 500 sank 2.9 percent to 2,237.40, while the tech-rich Nasdaq Composite Index dipped 0.3 percent to 6,860.67.
That's the straight and simple way of saying: go for an index fund.
Don't focus solely on the stock market right now, it is largely a sideshow.
The halt at the opening was the third emergency pause in Wall Street trading in six days.
The Dow Jones Industrial Average fell 913.21 points, or 4.55%, to 19,173.98.
S&P 500 futures were down 92 points, or 3.69%, at their daily down trading limit, while the SPDR S&P 500 ETFs tumbled 5.6%.
An NYSE employee who worked on the trading floor tested positive for the virus this week.
Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets.
Stock futures rollovers stood at 90 per cent, which were in line with an average rollovers of last three F&O series.
The Dow fell as much as 10 percent during the early afternoon, but stocks rallied somewhat near the end of the session as the US Senate passed a $100 billion emergency package for free coronavirus testing, sick pay and other benefits related to the crisis.
The Dow Jones Industrial Average rose 1,985 points, or 9.36%, to 23,185.62.
A relief package for the poor increased hopes that sops for India Inc could also come soon.
Wall Street stocks rallied Tuesday on expectations for massive federal stimulus to address the economic hit from the coronavirus, partially recovering some of their losses from the prior session.
Trump’s travel ban and tepid fiscal measures sparked the latest leg down in risk assets.
The losses deepened after global authorities declared the coronavirus crisis a pandemic.
The challenging funding environment may lead to fewer entrepreneurs starting up this year but it’s important to remember that some of the greatest companies were founded during the recessions, be it Apple and Microsoft during the 1970’s recession or Airbnb during the global financial crisis of 2008-09.
The benchmark S&P 500 index ended off of its lows of the session but still down 5.2%.
S&P 500 futures fell 4.77% to hit a daily down limit in early trading, and S&P 500 ETFs plunged 9%, suggesting the benchmark index would set off a 15-minute cutout.
Analysts expect high volatility to persist over the next few trading sessions.
Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 2153.35 crore on Tuesday, data available with NSE suggested.
The market is likely to remain volatile till the number of coronavirus cases doesn't come down.
All 11 S&P sectors were trading lower, led by a 5.2% drop in energy stocks, which tracked a slump in oil prices.
The market-wide rollovers stood at 72 per cent till Wednesday. Stock futures rollovers stood at 78 per cent compared with an average rollovers of 72 per cent in the last three F&O series.
Mnuchin said he has spoken to banks and the New York Stock Exchange, and they agree on the need to keep markets operating.
Investors now expect the Fed to deliver a 50 basis points rate cut when it meets on March 17-18.
Investors continue to clamor for massive spending packages by governments to offset the pain.
The benchmark S&P 500 fell about 12% from its record closing high hit last week, confirming its fastest correction in history on Thursday.
The rupee is likely to remain under pressure in the foreseeable future.
Sources told Reuters China was set to unleash trillions of yuan of fiscal stimulus to revive an economy facing its first contraction in four decades.
Analysts are of the view that only a fall in virus cases can save D-St from further downfall.
The S&P 500 and Nasdaq are now over 10% below their intraday record highs hit on Feb. 19.
All major S&P sectors were trading higher, with technology leading the charge on a 1.6% gain. Defensive utilities , real estate and consumer staples were the laggards.
The broad-based S&P 500 plunged 9.5 percent to 2,480.64, while the tech-rich Nasdaq Composite Index tumbled 9.4 percent to 7,201.80.
Here are five funds in which investors with moderate risk appetite could have an equal allocation to meet their financial goals.
Of the S&P's 11 major sectors, the rate-sensitive financial index weighed the most on the benchmark S&P 500 index, ending the day down 2.6 per cent.
The major indexes fell over 3 per cent. On Wednesday the market tallied huge gains following moderate Joe Biden's success in the Super Tuesday primaries for the Democratic presidential nomination.
The broad-based S&P 500 slumped 4.9 percent to 2,741.38, while the tech-rich Nasdaq Composite Index shed 4.7 percent to 7,952.05.
Market liquidity is very low now, says the CEO of Dimensions Corporate Finance Services.
Wall Street endured another day of dizzying trading Tuesday, whipping up and down with hopes that the U.S. and other governments will cushion the economy from the pain of the coronavirus.
The world's biggest hotel chain, Marriott International, said the situation in India remains 'very volatile' and that it might have to cut its forecasts for this year and also postpone hotel launches here.
The index has breached the swing low of 7,832 and is approaching the 61.8 per cent retracement of the rally from the 2011 low, which is near 7,550 level, said Gaurav Ratnaparkhi, Senior Technical Analyst at Sharekhan.
A tech-led disruption refers to a seismic shift which upturns established industries and overthrows existing market leaders. It is the outcome of an innovation that transforms a product, service or biz model, often creating an entirely new market.
The CBOE volatility index, also known as the fear index, ended near its session high.
The benchmark S&P500, which represents over 44% of the m-cap of all global equities, lost $927 billion of its value.
I do not think you are going to be boasting about your multibaggers in a hurry, says Director & Chief Investment Strategist, First Global.
The renewed slump came after the market rose 4 per cent on Friday, posting its strongest ever comeback after plunging 10 per cent for the first time in 12 years.
The benchmark S&P 500 lost $927 billion of its value on Monday alone.
"It is a rush to cash and a mild panic-type move," Meger said.
Tech stocks have been able to rally to records even as they were beset by bad news.
Nifty saw its biggest-ever fall in history, cracking below the 9,600 mark in a brisk selloff.
The S&P 500 lost $2.138 trillion in market capitalization over the last four sessions, according to S&P Dow Jones Indices analyst Howard Silverblatt.
Asian shares slid as more countries shut down in the fight against the coronavirus.
Sellers find alternative channels of business as cost of sales rises at ecommerce marketplaces.
Nifty50 tanked 2 per cent, taking its losing streak into the fourth straight session.
The international fund category is offering around 15% returns in the last one year. Suddenly, many mutual fund investors are thinking of diversifying and include at least one international fund in their mutual fund portfolio.
At 9:49 a.m. ET, the Dow Jones Industrial Average was down 283.47 points, or 0.97%, at 28,936.51.
About an hour into trading, the broad-based S&P 500 was down 5.4 per cent at 2,812.42.
After opening positive, the benchmark index turned lower in the wake its largest loss in two years on Monday.
E*Trade jumped 24.2% after Morgan Stanley offered to buy it in a $13 billion stock deal, the biggest acquisition by a Wall Street bank since the global financial crisis.
In 2008 we knew what the shock was and how to respond, says chief India economist, JP Morgan
India VIX, the barometer of fear in the market, also fell 3.28 per cent to 23.43.
Fears of a global slide into recession, and a resulting collapse in U.S. corporate earnings this year, have knocked $3.1 trillion off the value of major U.S. companies in the past 10 days.
Nifty on Wednesday hit a new 52-week low by surpassing last Friday’s low of 8,556 level.
The broad-based S&P 500 sank 2.8 percent to finish the day at 3,003.37, while the tech-rich Nasdaq Composite Index slid 3.0 percent to 8,684.09.
The stocks crash wiped out Rs 11.27 lakh crore of equity investors' wealth during the day.
The coronavirus outbreak may negatively impact global growth by 30 basis points or $250 billion.
US Fed said it would relaunch financial crisis-era purchases of short-term corporate debt.
Most global stock indices had been going up in parabolic moves and when that happens, there is always a reason for a correction. But you do not see it coming, you realise the reason later, says S Naren, CIO of ICICI Prudential AMC.
Kalra, a St Stephen’s College and IIM-Ahmedabad alumni, will now serve as executive chairman, the company said in a statement. Rajesh Magow, who was till recently CEO of MakeMyTrip India, will now take over as group chief executive, a move that effectively separates the two roles.
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