SA: Israel stocks finish higher in wake of Iran attack
SEEKING ALPHA reports: Stocks in Israel showed resilience Sunday following the unprecedented missile and drone attack ...
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SEEKING ALPHA‘s Wall Street Breakfast just hit the wires:
Volatility is returning to Wall Street after the major averages suffered their worst sessions since the “Black Monday” market crash in 1987. Dow futures started the night indicating an opening loss of 700 points at the lows, but are now pointing to gains of 900 points, while S&P 500 and Nasdaq futures are ahead by 4.3% and 4.7%, respectively. Coronavirus uncertainty quickly morphed into panic on Thursday as the S&P 500 plummeted 9.5%, joining the Dow (which fell 2,300 points) in a bear market. The plunge also highlighted the diminishing ability of stimulus to dampen shockwaves as the Fed announced over $1T in repo operations, while the ECB expanded its asset purchase program by €120B.
New York City has declared a state of emergency, choosing to ban events over 500 people (that includes closing Broadway theaters). The Supreme Court Building is now closed to the public, the MLB has delayed the regular season by at least two weeks and the NCAA has canceled March Madness. Canadian Prime Minister Justin Trudeau will also remain in isolation for two weeks after his wife tested positive for the virus. In some better news, all of Apple’s (NASDAQ:AAPL) 42 stores in China reopened today.
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