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U.S. stocks have taken a sharp turn lower today as the Japanese yen strengthens against the U.S. dollar.
The S&P 500 is down about 1.7%, the Dow Jones Industrial Average is off about 1.3%, and the Nasdaq is down 2.9%. In Europe, most equity indices closed lower as well. Spain's IBEX 35 was the worst performer there, down 1.4%.
Notably, biotech stocks are selling off hard.
Some other big losers in the U.S. include Bed, Bath & Beyond (down more than 6%), Alexion Pharmaceuticals (down more than 5%), TripAdvisor (down almost 5%), and First Solar (down about 4%).
The dollar is down 0.6% against the yen, trading near ¥101.40. The dollar is down about 2.5% against the yen since the release of the March jobs report in the U.S. on Friday.
The release of weekly U.S. jobless claims figures this morning revealed that initial claims fell to the lowest level since May 2007 in the week ended April 5. Overnight, the release of Chinese trade data revealed figures on import and export growth in March that were both worse than expected.
The charts below show movements in various markets. Across the top, from left to right, are S&P 500 futures, the U.S. dollar-Japanese yen exchange rate, and the euro-U.S. dollar exchange rate. Across the bottom are gold futures, five-year U.S. Treasury note futures, and December 2015 eurodollar futures.
Read more: www.businessinsider.com/thursd…
The S&P 500 is down about 1.7%, the Dow Jones Industrial Average is off about 1.3%, and the Nasdaq is down 2.9%. In Europe, most equity indices closed lower as well. Spain's IBEX 35 was the worst performer there, down 1.4%.
Notably, biotech stocks are selling off hard.
Some other big losers in the U.S. include Bed, Bath & Beyond (down more than 6%), Alexion Pharmaceuticals (down more than 5%), TripAdvisor (down almost 5%), and First Solar (down about 4%).
The dollar is down 0.6% against the yen, trading near ¥101.40. The dollar is down about 2.5% against the yen since the release of the March jobs report in the U.S. on Friday.
The release of weekly U.S. jobless claims figures this morning revealed that initial claims fell to the lowest level since May 2007 in the week ended April 5. Overnight, the release of Chinese trade data revealed figures on import and export growth in March that were both worse than expected.
The charts below show movements in various markets. Across the top, from left to right, are S&P 500 futures, the U.S. dollar-Japanese yen exchange rate, and the euro-U.S. dollar exchange rate. Across the bottom are gold futures, five-year U.S. Treasury note futures, and December 2015 eurodollar futures.
Read more: www.businessinsider.com/thursd…
No, Trump DID NOT call the coronavirus a 'hoax.'
What's True
During a Feb. 28, 2020, campaign rally in South Carolina, President Donald Trump likened the Democrats' criticism of his administration's response to the new coronavirus outbreak to their efforts to impeach him, saying "this is their new hoax." During the speech he also seemed to downplay the severity of the outbreak, comparing it to the common flu.
What's False
Despite creating some confusion with his remarks, Trump did not call the coronavirus itself a hoax.
Even the liars at Snopes could not bring themselves to agree with certain people here on DA https://www.snopes.com/fact-check/trump-coronavirus-rally-remark/
And what w
Simple question for leftists
How many more people need to die in England, France, Sweden, Germany- and very likely, an increasingly long list of other nations- before you figure out that ISLAM is the problem?
WattsUpWithThat recognized among top science blogs
WattsUpWithThat- the top climate skeptic blog on the internet- has been chosen as one of the top 100 science blogs!
Anthony Watts' article plus comments https://wattsupwiththat.com/2016/09/28/wuwt-awarded-top-science-blog-status-beats-realclimate-nyt-guardian-huffpo/comment-page-1/#comment-2308295
The science site itself http://blog.feedspot.com/science_blogs/
Pro-AGW type admits a truth about his side.
'The great oddity of the climate science debate
“Ad hominem attacks aren’t a final line of defense, they’re argument #1. …It’s about an attitude, the sense that righteousness excuses you from the need for hard thinking and that any questioning of the righteous is treason.” {By Paul Krugman. Quite true, as any skeptic quickly learns when discussing climate with an activist.}
Activists consider forecasts of models as like the Word of God.' ~ paul krugman
You KNOW something is right with the world when pro-'all-catastrophic, all-the-time and all-YOUR-fault climate change' activist (and supposedly economist)
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Man, Wallstreet people sure are fickle.
I swear, there's like this combination of lemming stampede and butterfly effect you can observe where if somebody in another country or one company hiccups everybody else does a chicken-little impression.
I swear, there's like this combination of lemming stampede and butterfly effect you can observe where if somebody in another country or one company hiccups everybody else does a chicken-little impression.