Stock market today update March 30, 2020

US stock market

At 1:51 PM, Monday, March 30, 2020, ET time all major stock indexes rise. This is the current stock market data:

S&P 500: 2,603.33,+61.86(+2.43%)
Dow 30: 22,063.55,+426.77(+1.97%)
Nasdaq: 7,719.27,+216.90(+2.89%)
Russell 2000: 1,146.36,+14.38(+1.27%)

Stocks today

Abbott Laboratories (ABT) stock price gains more than 7%, at 79.97+5.41 (+7.26%). Microsoft Corporation (MSFT) stock is among the most active stocks with a stock price of 159.86+10.16 (+6.79%). B2W – Companhia Digital (BTOOY) stock is among the stock losers today, with a stock price of
20.60-12.05 (-36.91%).

Stock market data: Yahoo Finance

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Nasdaq today March 30, 2020

Nasdaq today

At 11:00 AM, Monday, March 30, 2020, Eastern Time (ET) NASDAQ Composite (^IXIC) is gaining more than 100 points. The latest stock market data for Nasdaq is:
7,652.40+150.02 (+2.00%)

The Day’s Range for Nasdaq index until 11:00 AM is 7,539.97 – 7,690.95.

Source: Yahoo Finance

At 11:00 AM today, both Dow and S&P 500 are up, so the major stock indexes have gains.

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Dow Jones today March 30, 2020

Dow Jones is moving up after one hour of trading

At 10:40 AM, Monday, March 30, 2020, Eastern Time (ET) Dow Jones Index is up more than 300 points. Latest stock market data:

Dow 30: 21,957.56,+320.78(+1.48%)

The Day’s Range for Dow Jones today until 10:40 AM is 21,522.08 – 22,003.21

Source: Yahoo Finance

US Stock Market Weekly Update March 23- March 27, 2020

US stock market

“US stocks had a rebound this week, and all major US stock indexes closed higher. But it could still be too early to call this the bottom for the US stock market. Could it be that the stock market has already discounted all the negative implications of the coronavirus outbreak, and it reacts positively to any negative financial news? Like the record weekly US initial jobs claims surpassing the reading of 3 million posted this week. I am not so sure about that.”

Source: https://talkmarkets.com/content/stocks–equities/us-stock-market-weekly-update-march-23-march-27-2020?post=256450

Stock market

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Stock news March 26, 2020

Latest stock news, stock investing news, March 26, 2020

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Stock market update March 26, 2020

Stock market today

Stocks today rally despite the fact of a very negative number for weekly US jobless claims. “U.S. jobless claims skyrocket to 3.283 million.

The COVID-19 pandemic is wreaking havoc on the U.S. economy, and data released Thursday morning reflected the severe damage being done to the labor market.

The number of Americans filing for unemployment benefits skyrocketed to a record-breaking 3.283 million for the week ended March 21. Consensus expectations were for 1.64 million claims. The previous record was 695,000 claims filed the week ended October 2, 1982. Initial jobless claims for the week ended March 14 was revised higher to 282,000 from 281,000 and was the largest single-week increase since the Great Recession.”

Source: https://finance.yahoo.com/news/coronavirus-weekly-initial-unemployment-claims-march-21-153036254.html

Stock market news live

At 12:6 PM, Thursday, March 26, 2020, Eastern Time (ET) all major stock indexes are up more than 4%. Dow today is up more than 1,100 points.

S&P 500: 2,595.52,+119.96(+4.85%)
Dow 30:,22,332.74,+1,132.19(+5.34%)
Nasdaq: 7,671.30,+287.00(+3.89%)
Russell 2000: 1,163.30,+52.93(+4.77%)

Stock market data: Yahoo Finance

Has the stock market discounted the negative figures about the weekly US jobless claims? It is a possibility or another short squeeze for stocks may be underway.

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Stock market today, March 24, 2020

US stock market rallies, Dow closed up more than 2,100 points

A strong rally today for the US stock market. How major stock indexes closed today:

S&P 500: 2,447.33,+209.93(+9.38%)
Dow 30: 20,704.91,+2,112.98(+11.37%)
Nasdaq: 7,417.86,+557.18(+8.12%)
Russell 2000: 1,096.54,+94.12(+9.39%)

Bonds

10-Yr Bond Yield: 0.8160,+0.0520(+6.81%)
Vix Index: 61.67,+0.08(+0.13%)

Stocks most actives

Ford Motor Company (F) with a stock price of 4.9500+0.9400 (+23.44%).

Stocks gainers

Mapfre, S.A. (MPFRF) with a stock price of 2.0300+0.9800 (+93.33%).

Stocks losers

MFA Financial, Inc. SR NT 42 (MFO) with a stock price of 4.5000-12.5000 (-73.53%).

Dow today

Dow Jones Industrial Average daily chart, March 24, 2020
Dow Jones Industrial Average daily chart, March 24, 2020

Stock market data: Yahoo Finance, Stockscharts

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Stock market news live March 24, 2020

Stock market news

At 12:17 PM, Tuesday, March 24, 2020, Eastern Time (ET) all US stock market indexes are up more than 6.5%. Stocks bounce off their lows, with major US stock indexes reaching 3-year lows this month.

S&P 500: 2,406.78,+169.38(+7.57%)
Dow 30: 20,183.01,+1,591.08(+8.56%)
Nasdaq: 7,321.10,+460.43(+6.71%)
Russell 2000: 1,077.99,+75.57(+7.54%)

Source: Yahoo Finance

The stock market today is rallying anticipating news about further fiscal stimulus measures.

When will the stock market bottom in this coronavirus crisis

When will the stock market find a bottom, being an opportunity for stocks to buy

The answer to when will the US stock market find a bottom after the steep selloff during this global coronavirus crisis is not an easy one. In fact, if it is supported with facts that have great validity it is priceless for stock trading, stock investing. For now, all opinions mostly based on models, predictions and technical analysis about searches related to stock bottoming patterns, market bottom indicators, how to tell if a stock has bottomed, stock market bottom, has the market bottomed are just estimates.

The stock market will bottom when the good news about the vaccine for the coronavirus hit the news, or fear and panic are both reduced, and traders, investors start buying stocks and equities considering them to be near very attractive price levels. Most probably it will be another FOMO effect (fear of missing out), now buying stocks rather than selling stocks. There will be a great distortion for the fundamentals and valuation of stocks until we get official earnings reports and economic indicators which will show how the degree of economic impact coronavirus will have on the economy.

The stock market will bottom when a broader stock market index, Russell 3000 start to rise

“What Is the Russell 3000 Index?
The Russell 3000 Index is a market-capitalization-weighted equity index maintained by FTSE Russell that provides exposure to the entire U.S. stock market. The index tracks the performance of the 3,000 largest U.S.-traded stocks which represent about 98% of all U.S incorporated equity securities.”

Source: https://www.investopedia.com/terms/r/russell_3000.asp

The Russell 3000 index has not made a death cross yet in 2020, despite the latest stock market selloffs

” A death cross occurs when the 50-day moving average (DMA), which many chart watchers use as a short-term trend tracker, crosses below the 200-DMA, which is widely viewed as a dividing line between longer-term uptrends and downtrends. The idea is the cross marks the spot that a shorter-term selloff can be defined as a longer-term downtrend.”

Source: https://www.marketwatch.com/story/a-bearish-death-cross-has-appeared-in-the-dows-chart-2020-03-20

Russell 3000 Index daily chart
Russell 3000 Index daily chart

Source: MarketWatch.com

As seen on this chart with data at close on March 20, 2020, the Russell 3000, has not yet made any death cross in 2020. The Dow is the only stock index compared to the S&P 500 and Nasdaq Composite to have made a death cross recently. This could be a bullish sign for stocks.

Stocks

We place emphasis first on the fundamentals of stocks, and after that to technical analysis. But the fact that the Russell 3000, has not yet made any death cross in 2020, maybe an optimistic sign for stocks to invest in,
stocks to buy. We just cannot predict the actual bottom for the stock market. Monitoring the news and stock prices, stock quotes and latest financial and business news will tell us about the when will stock market bottom. Important economic indicators to monitor are the retail sales, GDP figures, unemployment readings, non-farm payrolls readings. When will the stock market bottom in this coronavirus crisis is too risky now to make a prediction. Or where the market is headed. Caution is required for stock trading, stock investing, and mostly good risk management and money management.

How do you know if a stock hits the bottom?

The truth is, you do not. You just observe higher stock prices and other technical aspects. Bottom-fishing stocks can be too risky.

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