STOCK MARKET WATCH - Tuesday, 21 April 2020

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 21 April 2020

Previous SMW:
SMW for 20 April 2020




AT THE CLOSING BELL ON: 20 April 2020


Dow Jones 23,650.44 -592.05 (2.44%)
S&P 500 2,823.16 -51.40 (1.79%)
Nasdaq 8,560.73 -89.41 (1.03%)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits
Yahoo International
CNN Money Premarket

(click on links for latest updates)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Currencies:







Gold & Silver:



Petroleum:

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

DU Economics Group Contributor Megathreads:

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

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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.

[tclambert]

1. So if I buy a barrel of oil today, the oil company will have to pay me.

That seems like a weird business model.

[Maeve]

2. The futures market looks bleak this morning

U.S. Stock Futures
S&P -51.00 / -1.82%
Level 2,755.50
Fair Value 2,814.36
Difference -58.86
Data as of 8:44am ET

Nasdaq -78.25 / -0.90%
Level 8,613.75
Fair Value 8,714.28
Difference -100.53
Data as of 8:44am ET

Dow -542.00 / -2.31%
Level 22,946.00

[at140]

3. I wonder how bad the P/E ratio's will look at end of 2nd quarter?

Except for on-line businesses (Amazon, Walmart, Fedex etc) and food stores and hospitals, not many other businesses are doing well.
Even TV businesses will take a hit because their advertisers are experiencing the covid-19 effect. I will not be shocked if market falls another 25-30%.