Over half a trillion dollars of value has been wiped off the entire cryptocurrency market in just under a month, as the prices of popular digital coins plunge. On January 7, the market capitalization or value of the entire cryptocurrency market hit an all-time high of $835.69 billion, according to […]
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Dow futures pare losses after earlier pointing to a more than 1,200-point fall at the open
Stocks looked set for another rocky opening and a volatile trading day Tuesday. Stock futures slid into negative territory in Monday evening trade: Dow futures were down 826 points, and S&P 500 futures were lower by 76.5 points as of 11:25 p.m. ET. The implied open for the Dow, based […]
Hong Kong volatility spikes as much as 50% as greater China markets tumble
Stock indexes in the greater China region fell significantly on Tuesday, tracking steep losses seen overnight on Wall Street. Hong Kong’s Hang Seng Index closed down 5.1 percent at 30,595.42. Meanwhile, the Shanghai composite closed 3.4 percent lower at 3,369.71, posting its steepest loss in two years. The blue-chip CSI300 […]
US futures turn positive after posting heavy losses overnight amid global sell-off
U.S. stock index futures posted losses ahead of Tuesday’s open, but were off earlier lows, as the sell-off continues to weigh on sentiment worldwide. On Monday, the Dow Jones industrial average dropped 1,175.21 points to close down at 24,345.75 —having briefly declined more than 1,500 points during the session; with […]
European stocks fall 3% at the open as global sell-off continues
European stocks tumbled at the start of Tuesday’s trading session, on the back of heavy declines seen in Asia and the U.S. On Wall Street, the Dow Jones industrial average dropped 1,175.21 points to close down at 24,345.75 on Monday — having briefly declined by more than 1,500 points during […]
Buy now or stay clear? Here’s what analysts are saying about the US sell-off
Asian markets took a tumble following the nearly 1,200-point plunge on the Dow Jones industrial average on Monday, but some market watchers said the moves were just a pullback — not a cause for greater concern. There was no obvious single reason behind the Dow’s Monday declines, which took the […]
Global markets may be a sea of red, but experts say solid economies lie below
It wasn’t that long ago that the prediction of a lasting “synchronized global growth” was made. The ongoing widespread sell-off in global markets may lead some to question that narrative, but it’s a story that still rings true underneath the sea of red, analysts and investors said. The weakness in […]
Japan’s central bank governor says economic fundamentals are solid despite market rout
Bank of Japan Governor Haruhiko Kuroda said on Tuesday the fundamentals behind stock prices remained solid as the Japanese, U.S. and European economies were in “very good shape.” “The recovery (in these economies) is broadening across sectors and the outlook remains good as a trend,” Kuroda told parliament, adding that […]
Dow futures point to a more than 1,200-point fall at the open
Stocks looked set for another rocky opening and a volatile trading day Tuesday. Stock futures slid into negative territory in Monday evening trade: Dow futures were down 826 points, and S&P 500 futures were lower by 76.5 points as of 11:25 p.m. ET. The implied open for the Dow, based […]
Bitcoin continues to tumble, hitting its lowest point since November
Bitcoin dropped to its lowest in more than two months. The digital currency fell to a low of $6,147.30, its lowest since mid November, according to CoinDesk, whose bitcoin price index tracks prices from four major exchanges. On the day the cryptocurrency was down more than 11 percent, according to […]