Author: super@dmin
-
CryptoWatch: Bitcoin slumps more than 5%, puts ‘digital gold’ status in jeopardy
Bitcoin prices finally broke out of their recent lull Thursday, dropping as much as 6% and putting the $6,000 level back in play. A single bitcoin BTCUSD, -6.05% was last going for $6,218.37, down 5.2% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange. Earlier in the session, the world’s largest digital currency…
-
Market Snapshot: Stocks set to drop again after broad rout; major indexes below key levels
U.S.-stock index futures tumbled on Thursday, indicating Wall Street will extend a multiday decline and extend losses after the worst session for the major averages in months as investors continued to fret over rising bond yields and the prospect of higher interest rates and the impact that both factors could have on equity prices. Shares…
-
Metals Stocks: Gold jumps, draws demand as a safety play away from embattled stock market
Gold futures prices headed toward a third straight advance Thursday, with the metal’s haven status attracting buying as a sharp retreat for U.S. stocks spread to global markets. Gold gained, with U.S. stock futures pointing to more red on Wall Street to start a new session, and with the dollar, a key driver for the…
-
5 things to do right now instead of panicking about stock market volatility
First off, remember to breathe. A rocky few months for the stock market has created a lot of worry among investors, and it’s not over yet. The Dow Jones Industrial Average DJIA, -3.15% experienced renewed volatility Wednesday, falling more than 800 points, or 3.2%, the worst one-day fall since February. The S&P 500 index SPX,…
-
Deep Dive: These stocks in the Dow Jones Industrial Average, S&P 500 and Nasdaq declined the most today
U.S. stocks suffered an unusually brutal decline Wednesday, as investors worry about interest rates rising from historical lows. The Dow Jones Industrial Average DJIA, -3.15% was down 832 points, or 3.2%, to 25,598.74, while the S&P 500 SPX, -3.29% fell 3.3%. The Nasdaq Composite Index had its worst session in two years, declining 4.1%, as…
-
Asia Markets: Nikkei drops about 4% as Asian markets follow Wall Street’s plunge
Asian stocks plummeted in early trading Thursday following the skid on Wall Street. Japan’s Nikkei NIK, -3.89% fell about 4% as stocks got added pressure from the yen’s overnight bounce. The dollar was just above ¥112, versus ¥112.36 in late New York trade and ¥113 Wednesday morning. Through Wednesday, the dollar had fallen five…
-
After Dow’s wild ride, beware of financial advisers who promise you the world
Read your LinkedIn news feed with a skeptical eye, and think twice before replying to an email from a financial adviser seeking your business this week. The Dow Jones Industrial Average DJIA, -3.15% plunged 831 points Wednesday in the worst day since the market correction last February, and many people are concerned about what this…
-
Americans are hoarding even more money in their checking accounts—why that could be a problem
How much money is in your checking account? New research suggests checking account customers are doing something that indicates they don’t feel as secure as they would like about the economy. They’re not feeling as safe as some economists would have expected and one red flag is the amount of money people are storing in…
-
Could stock market volatility cause house prices to fall?
Amid the stock market’s volatility on Wednesday, experts will once again look for the bubble that might burst into the next recession. But housing experts say that real estate is unlikely to be the culprit this time around. On Wednesday, the Dow Jones Industrial Average DJIA, -3.15% plunged 831.83 points, or 3.2%, to 25,598.74; the…
-
How much of your 401(k) retirement plan is affected by market volatility?
The Dow Jones Industrial Average DJIA, -3.15% lost more than 800 points Wednesday, experiencing its worst day since the market correction in February. What does market volatility like that even do to a 401(k) plan? The answer isn’t so simple. There’s a very good chance every retirement account will be affected by the volatility, since…