0. Morgan Stanley says a global recession in 2020 is now the firm’s ‘base case’
https://www.cnbc.com/2020/03/17/morgan-stanley-a-global-recession-in-2020-is-now-the-base-case.html
- “Global recession in 2020 is now our base case,” Morgan Stanley chief economist Chetan Ahya said.
- Morgan Stanley believes the U.S. government is undertaking a “strong monetary and fiscal policy response.”
- But “the underlying damage from both Covid-19′s impact and tighter financial conditions will deliver a material shock to the global economy,” Ahya said.
1. Dow erases all its gains since Donald Trump took office
Dow wipes out Trump era gains
The Dow selloff has erased all its gains accumulated since President Donald Trump was inaugurated.
https://www.cnn.com/2020/03/18/investing/stocks-erase-trump-gains/index.html
2. https://www.cnn.com/business/live-news/stock-market-news-today-031820/index.html
It was another ugly day for Wall Street.
US stocks erased the prior session's gains and closed lower.
The Dow closed below 20,000 total points for the first time since February 2017. It was down 6.3%, or 1,338 points, on the day. During the afternoon, the index fell so much that it erased all of the gains accumulated under the Trump administration -- though it closed slightly above that key level.
The S&P 500 is also edging closer to falling below its January 2017 level. The index finished down 5.2%.
The Nasdaq Composite closed down 4.7%.
Trading was briefly halted in the early afternoon after the S&P fell 7%, triggering the New York Stock Exchange's circuit breaker.
DOW JONES INDU AVERAGE NDX
| 19,898.92
Delayed Data
As of Mar 18
|
 -1,338.46 / -6.30%
Today’s Change
|
18,917
TODAY|||52-Week Range
29,569
|
-30.27%
Year-to-Date
|
Quote Details
| Previous close | 21,237.38 |
| Open | 20,188.69 |
| Day high | 20,489.33 |
| Day low | 18,917.46 |
| Today's volume | 874,090,339 |
| Average daily volume (3 months) | 348,257,511 |
| Average P/E | 21.2 |
| 1 year change | -23.21% |
