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Mr. Sparkle

(2,915 posts)
Fri Feb 28, 2020, 09:15 AM Feb 2020

Dow set to lose nearly 400 points at the open as worst week since the financial crisis continues

This discussion thread was locked as off-topic by JudyM (a host of the Latest Breaking News forum).

Source: CNBC

U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs. Futures pared their initial decline after Kevin Warsh, a former Federal Reserve governor, told CNBC on Friday he expects global central banks to act soon in response to the coronavirus outbreak. The Fed has “a knife. There’s a gunfight,” he said on “Squawk Box.” “You might as well go find some friends that also have knives and see if you can’t to it together.”

As of 7:35 a.m. ET, Dow Jones Industrial Average futures were down about 200 points and indicated an opening loss of nearly 400 points. S&P 500 and Nasdaq 100 futures also pointed to a lower open on Friday. Futures were under pressure in part because investors kept adding to their bond-market exposure. The benchmark U.S. 10-year Treasury yield touched a fresh record low. It was last at 1.18%. Yields move inversely to prices. Caterpillar — a bellwether stock for global growth — was the worst performer among Dow stocks in the premarket, sliding more than 3%. Apple shares slid 2.9% while Chevron and Cisco Systems dipped more than 2% each.

New Zealand and Nigeria reported overnight their first coronavirus cases. South Korea, meanwhile, confirmed more than 500 new cases. China reported 327 additional cases. The Dow plummeted nearly 1,200 points on Thursday — its biggest one-day point drop ever — as worries over the coronavirus possibly spreading sent stocks spiraling lower. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite.



Read more: https://www.cnbc.com/2020/02/27/dow-futures-fall-100-points-after-another-massive-rout-amid-coronavirus-fears.html



There is a breaking news banner on CNBC right now saying it is the Dows biggest points drop ever.
14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Dow set to lose nearly 400 points at the open as worst week since the financial crisis continues (Original Post) Mr. Sparkle Feb 2020 OP
the ANALysts are out crying, basically using tRumps talking points, everything is fine, no worries yaesu Feb 2020 #1
I know what'll help jayschool2013 Feb 2020 #2
Let us know where it opens and how it looks nt intrepidity Feb 2020 #3
Donny gonna be so mad IronLionZion Feb 2020 #4
Gee, maybe taking care of all the people actually would strengthen the markets? AllyCat Feb 2020 #5
Pssh--you and your socialisms durablend Feb 2020 #6
Trump killed the Obama Bull Market. nt NCjack Feb 2020 #7
QE induced overcapacity and leveraged balance sheets bucolic_frolic Feb 2020 #8
Down 690 now. True Blue American Feb 2020 #9
The TRUMP SLUMP Begins! nt smb Feb 2020 #10
I want to hear this on Election Day: Our long national nightmare is over! I swear that each... machoneman Feb 2020 #11
Based upon Trump's Dow Jones comments prior to his presidency Scalded Nun Feb 2020 #12
Trump can get the market back up. gab13by13 Feb 2020 #13
Locking JudyM Feb 2020 #14

yaesu

(8,020 posts)
1. the ANALysts are out crying, basically using tRumps talking points, everything is fine, no worries
Fri Feb 28, 2020, 09:24 AM
Feb 2020

its just a bad dream

jayschool2013

(2,309 posts)
2. I know what'll help
Fri Feb 28, 2020, 09:36 AM
Feb 2020

MORE TAX CUTS FOR WEALTHY AMERICANS!!!!!

AND PRAYER!!!!

intrepidity

(7,240 posts)
3. Let us know where it opens and how it looks nt
Fri Feb 28, 2020, 09:57 AM
Feb 2020

TIA

IronLionZion

(45,250 posts)
4. Donny gonna be so mad
Fri Feb 28, 2020, 09:58 AM
Feb 2020

dude must be flipping out all week

AllyCat

(16,031 posts)
5. Gee, maybe taking care of all the people actually would strengthen the markets?
Fri Feb 28, 2020, 10:00 AM
Feb 2020

durablend

(7,414 posts)
6. Pssh--you and your socialisms
Fri Feb 28, 2020, 10:20 AM
Feb 2020

No money to be made in that.

NCjack

(10,279 posts)
7. Trump killed the Obama Bull Market. nt
Fri Feb 28, 2020, 10:26 AM
Feb 2020

bucolic_frolic

(42,653 posts)
8. QE induced overcapacity and leveraged balance sheets
Fri Feb 28, 2020, 10:31 AM
Feb 2020

will come home to roost very soon.

9:32AM Opened down 600 points

True Blue American

(17,972 posts)
9. Down 690 now.
Fri Feb 28, 2020, 10:34 AM
Feb 2020

A Reporter with Trump in India said he and his staff spent every minute not in meetings watching the Market. That is the only bragging right Trump has.

smb

(3,452 posts)
10. The TRUMP SLUMP Begins! nt
Fri Feb 28, 2020, 10:37 AM
Feb 2020

machoneman

(3,951 posts)
11. I want to hear this on Election Day: Our long national nightmare is over! I swear that each...
Fri Feb 28, 2020, 10:38 AM
Feb 2020

candidate should say these words now and pledge to repeat same when they win!

Scalded Nun

(1,231 posts)
12. Based upon Trump's Dow Jones comments prior to his presidency
Fri Feb 28, 2020, 10:43 AM
Feb 2020

He should have been fired out of a cannon twice already this week.

I know I'd pay to see that.

gab13by13

(20,849 posts)
13. Trump can get the market back up.
Fri Feb 28, 2020, 10:49 AM
Feb 2020

He can make the Fed drop interest rates and pump billions of dollars into the market, maybe even have the Fed buy some more T-Bonds.

Magats cry to me about Dems wanting free stuff but they don't consider the 1.5 trillion dollars that Trump gave to corporations and the rich as free stuff, or they just flatly deny it.

JudyM

(29,122 posts)
14. Locking
Fri Feb 28, 2020, 11:26 AM
Feb 2020

Have to lock this because it’s analysis, please post in GD instead. Here are the LBN rules:

Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.
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