Posts Tagged ‘stock markets’

Week in Review: U.S. Tech Pullback

The technology-heavy Nasdaq 100 Index is off nearly 11% from its recent high, the index closed under its 50-day moving average for the first time in 105 days as technology stocks experienced their worst pullback since March. Facebook and Amazon each lost more than 5% over the week while Apple and Netflix slid 7.4% and…

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Week in Review: The Delicate Balance

On Thursday more than 150,000 new cases of the coronavirus were recorded, the highest single-day number so far. The new cases were mostly reported in the Americas, with significant numbers from South Asia and the Middle East. Countries globally are moving forward with the reopening of their economies, some more cautiously than others, as each…

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Week in Review: Crude Oil Plunges

U.S. crude futures dived into negative territory for the first time in history this week amid concerns that there is not enough global storage for a market decimated by collapsing demand amid widespread lockdowns and travel bans due to the coronavirus pandemic. Brent Crude finished the week down more than 20% as demand destruction from…

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