STOCK MARKET WATCH - Wednesday, 11 March 2020

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 11 March 2020

Previous SMW:
SMW for 10 March 2020




AT THE CLOSING BELL ON: 10 March 2020


Dow Jones 25,018.16 +1,167.14 (4.89%)
S&P 500 2,882.23 +135.67 (4.94%)
Nasdaq 1,350.90 +37.46 (2.85%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:







Gold & Silver:



Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[Maeve]

1. Yesterday's rally was totally expected

Today?
Personally, I expect we will hit bear market territory by the end of the week---that's -20% off the market highs, so @23,641 for the DOW, 2709 for S&P.

[Tansy_Gold]

2. 23,638 and change.

at 2:51 EDT.

[Tansy_Gold]

3. S&P holding at 2737

Got a ways to go, but not much.

[Tansy_Gold]

6. Well, there went that.

2,707.87 at 3:23 EDT.

[Roland99]

7. look at those 3:30 Faeries. Will they be strong enough to hold off a need for 3:45 Faeries?

[Tansy_Gold]

8. flutter, flutter, flutter

Closin' in on 4:00.

[Roland99]

9. Think there's no market manipulation? The last few minutes it's been within ticks of that magic 20%

[Roland99]

10. And it failed to hold. DJIA now in Bear territory

[Tansy_Gold]

11. Everything Trump Touches Dies

[Roland99]

4. Bear Market territory

A close below 23,641 is official Bear Market territory (20% off recent peak).

Dow 23,393.10 -1,625.06 -6.50%
S&P 500 2,713.50 -168.73 -5.85%
Nasdaq 7,877.11 -467.14 -5.60%
GlobalDow 2,618.23 -44.78 -1.68%
Gold 1,638.20 -22.10 -1.33%
Oil 32.96 -1.40 -4.07%

[Roland99]

5. New York Fed to add liquidity into short-term markets unsettled by coronavirus

https://www.marketwatch.com/story/new-york-fed-to-add-liquidity-into-short-term-markets-unsettled-by-coronavirus-2020-03-11?mod=mw_latestnews

The New York Fed said Wednesday that it would increase its lending in short-term funding markets that have been unsettled as investors fear the worst about the coronavirus. In a statement, the regional Fed bank said it would increase its daily overnight repo operations to at least $175 billion for the next month. That's up from $150 billion announced on Monday. In addition, the bank will offer a one-month term repo operation of at least $50 billion. This will be offered three times over the next month, with the first operation on Thursday. The bank kept the size of its two-week repo operations steady at $45 billion. These are offered twice per week.