Stock futures open higher as Wall Street tries to recover from its worst day since March
Benno Schwinghammer | Picture Alliance | Getty Images
The Dow, S&P 500 and Nasdaq all recorded their biggest one-day losses since mid-March, posting losses of at least 5.3%. Thursday's declines put the major averages on pace for their biggest weekly losses since March 20, when they all dropped at least 12%. "We had gone straight up more than 30% without a real sell-off, so you're due for one, and I don't think it's the worst thing in the world," said JJ Kinahan, chief market strategist at TD Ameritrade. "As more states get back, the question becomes: Are they going to ramp up fast enough to please Wall Street? What you're seeing is it'll be hard to do that."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow, S&P 500 records biggest drop since March as Wall Street buckles under selling pressureU.S. stocks closed sharply lower on Thursday, capping a relentless selloff amid worries around a re-acceleration of COVID-19 cases along with continued uncertainty around the speed of the U.S. recovery.
Read more »
Stock Market Rout: Here’s What Caused The Worst Sell-Off Since MarchHere’s what caused the worst sell-off since March: by skleb1234
Read more »
How each S&P 500 sector has performed since March stock market bottom - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Asian shares slip after mixed Wall Street sessionAsian equities slipped on Wednesday after most U.S. stocks pared gains made during their recent rally, although the Nasdaq benchmark reached its second straight day at a record high as oil prices rose.
Read more »
Wall Street is off to a mixed start ahead of Fed statementU.S. stock indexes are mixed in early trading Wednesday ahead of an afternoon interest rate and economic policy update from the Federal Reserve.
Read more »
Wall Street can't rally much higher without a coronavirus vaccine, Jim Cramer warns'No broad-based rally from this level is sustainable without a major scientific breakthrough in the fight against Covid-19,' the 'Mad Money' host said.
Read more »