The rate cut was seen as a reaction to the global coronavirus outbreak but also increasing market anxiety over its spread.
In China, a total of 80,270 people have been infected, with 49,856 people discharged and 2,981 dead, according to government figures while South Korea's total confirmed cases stands at 5,328 as the death toll climbed to 32, according to KCDC data. On Wednesday, U.S. stock index futures pointed to a higher Wednesday open as early voting on Super Tuesdayand reassuring investors of his place amid the top candidates in the Democratic pool.
On the earnings front, Dialog Semiconductor, Legal & General and Lego Group report earnings. A final Purchasing Manager's Index for services in February comes from the euro zone, as well as retail sales for January.Related Tags
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Stocks Snap Back After Fed MoveThe Dow Jones Industrial Average fell or 0.2% after staging its biggest one-day rally in nearly a decade Monday. The S&P 500 lost 0.4% and the Nasdaq Composite fell 0.2% So many damn bots in our markets Yup, because the world knows Trump isn't up to the task of stopping a pandemic. Pouring more and more money by the fed into the markets will end the same way it did under Reagan and GW. Time to think about investing while the market is still bouncing up and down. Buy it on a down day knowing that it will eventually go up.
Source: WSJ - 🏆 98. / 63 Read more »
Homebuilder stocks jump on Fed rate cut amid coronavirus outbreakThe homebuilders' ETF (ITB) is near the high of the session, up almost 2.3% and up 6.2% week-to-date. who do you think you are fooling with this stuff cnbc? boomers do not use twitter It’s called a “FED Cat Bounce”
Source: CNBC - 🏆 12. / 72 Read more »
Fed Cuts Rates To Combat Coronavirus Impact On Markets, Trump Calls For 'More Easing And Cutting'The Fed announced that it will cut interest rates by 50 basis points in an effort to mitigate the economic damage caused by the global coronavirus outbreak by theothersarahh theothersarahh Ever wonder why banks have added so fees? theothersarahh Market manipulation.
Source: Forbes - 🏆 394. / 53 Read more »