People inside the offices of JP Morgan Chase in New York City. Getty Images Bank stocks sold off in unison on Tuesday following the Federal Reserve’s emergency rate cut to combat an economic slowdown triggered by the fast-spreading coronavirus. The weakness by the group kept the overall markets’ gains in check. Shares of JPMorgan and
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The Robinhood app on IOS and Android Source: Robinhood As U.S. markets opened Monday morning, 30-year old engineer Vivek Sevak was ready to cut his losses. The recreational trader had put money in a market-short exchange traded fund, and was looking to sell. But when he logged into his Robinhood account to make the trade,
Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters This is a developing story. Check back for updates. Stock market futures rose in early trading following Monday’s roaring comeback rally that saw the Dow Jones Industrial Average post its biggest percentage gain since March 2009 and
The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw looked at a put spread in the S&P 500 ETF. Tony Zhang illustrated selling a call spread in the 20+ Year Treasury Bond ETF. Mike Khouw and Carter Worth also broke down a call butterfly in Royal Caribbean. Disclaimer
Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Investors braced for the U.S. stock futures open Sunday at 6 p.m. after rising concerns around the coronavirus sent equities tumbling last week. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all fell more than
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, Jan. 29, 2020. Andrew Harrer | Bloomberg | Getty Images Goldman Sachs said it expects the Federal Reserve to deliver an interest rate reduction of 75 basis point in
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the
A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday,
Traders work on the floor of the New York Stock Exchange, January 27, 2020. Spencer Platt The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the