April 8, 2020
US stock market news
“Stock lose steam and finish down
After a day of gains, US stocks lost steam into the close and finished the day lower.The Dow finished 0.1%, or 26 points, lower. At its highest point, the index had been up 937 points.
The S&P 500 closed down 0.2%.
The Nasdaq Composite finished 0.3% lower.”
US stock market at the close, April 7, 2020
S&P 500: 2,659.41,-4.27(-0.16%)
Dow 30: 22,653.86,-26.13(-0.12%)
Russell 2000: 1,137.73,-1.05(-0.09%)
Sasol Limited (SASOF) stock was among stock gainers with a stock price of
BioNTech SE (BNTX) stock was among stock losers with a stock price of 45.60-7.13 (-13.52%).
Stock investing | Stock trading | Most active stocks
Carnival Corporation & Plc (CCL) stock was among the most active stocks with a stock price of 11.30+1.09 (+10.68%).
Stock Market, U.S. Sectors & Industries Performance
Materials were the best performing sector +2.42%, Utilities were the worst-performing sector -1.21%.
Investing Source: https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml
Economic news today
“The Federal Open Market Committee’s (FOMC) meeting minutes from its scheduled March meeting and emergency meetings will be released Wednesday afternoon. “The minutes of the emergency FOMC meeting in early March, and the mid-March meeting which was held two days earlier than scheduled, may not contain many new insights given how rapidly the economic landscape has been changing over the past couple of weeks,” Capital Economics said in a note April 3.
While the minutes will unlikely reveal many new insights, it will provide more context, according to Nomura. “Given the number of actions taken during March after the 15 March meeting, and the rapidly deteriorating outlook over the month, the minutes may be somewhat stale. However, they may provide more context for how much the Fed is willing to utilize its existing authority or whether any participants suggested seeking an expansion of that authority,” the firm said in a note April 3.”