News That Matters

Tag: selloff

Stock futures flat following sell-off on Wall Street

Stock futures flat following sell-off on Wall Street

Finance
U.S. stock futures were flat in overnight trading, following weakness in equities in the previous session. Dow futures rose 40 points, indicating a gain of 0.16%. The S&P 500 and Nasdaq-100 also were set to open higher, with gains of 0.08% and 0.12%, respectively. On Tuesday, the Dow Jones Industrial Average fell 397 points, or 1.5%, breaking a two-day winning streak. The Dow was brought down by a 4.8% drop in Boeing. The S&P 500 also registered a loss, slipping 1.1%, to break a five day win streak. The Nasdaq Composite lost 0.86%, after notching its 27th intra-day all-time high of the year earlier in the session on Tuesday. The technology-heavy index was positive for most of the day thanks to strength in Apple, Microsoft, Facebook and Netflix, which all hit record h...
Europe’s share markets rise as global sell-off eases

Europe’s share markets rise as global sell-off eases

Business
European stock indexes are recovering some ground after huge falls on Thursday.Markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact.Share markets across the Asia-Pacific region, including Japan, Australia and India, have experienced major swings.It came after the Dow and S&P 500 in the US saw their biggest one-day declines since 1987.In recent days authorities around the world have announced emergency measures in an attempt to avoid recession.On Friday, the UK's Financial Conduct Authority (FCA) prohibited short selling of a raft of shares in Italian and Spanish firms, after a request from authorities in those countries for the action, which is designed to protect that...
FTSE takes biggest hit of coronavirus crisis amid global panic sell-off

FTSE takes biggest hit of coronavirus crisis amid global panic sell-off

Business
London's FTSE-100 of top listed companies has seen its biggest fall of the coronavirus crisis to date as stock markets around the world felt the heat. The worsening outbreak has fuelled fears of a global recession causing shares to tumble. The UK's bluechip index experienced its largest daily percentage drop since the epidemic began.It fell 3.6%, or 243 points, wiping £61bn off the combined value of the leading companies.The sell-off is the biggest in percentage terms since 24 August 2015. Advertisement
FTSE 100 rebounds after coronavirus sell-off

FTSE 100 rebounds after coronavirus sell-off

Business
The FTSE 100 has rebounded after central banks helped calm nervous investors over the impact of the coronavirus, which had prompted steep falls last week.London's leading share index was up to 3% higher - more than 190 points - in early trading. Markets in Germany and France also rose sharply, despite the latest increase in the number of cases. 'Coronavirus is having economic consequences' It followed an overnig...
401(k) investors dump equities after market sell-off

401(k) investors dump equities after market sell-off

Finance
MartinPrescottWhen market volatility is high, financial advisors often suggest investors review — and possibly re-balance — their portfolios rather than make an emotional or impulsive move.Yet as the stock market plunged at the beginning of this week, trading activity in 401(k) plans skyrocketed. And, data show that many investors moved money out of equity funds in accounts and into fixed income.Daily trading activity in 401(k) plan accounts was four-to-six times above average on Monday and Tuesday, according to Alight Solutions, which tracks 401(k) retirement plan activity at large employers. The firm's research found the majority of asset transfer outflows came from U.S. large cap equities and target date funds, while the majority of inflows were into stable value, bond and money market