Bear Note Blasts Shipping Stock

Oil and gold also began the week with big losses

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MARKET RECAP     3/16/2020
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Dow Tanks, Nasdaq Suffers Worst Day on Record By Jake Scott Share On The Dow began the week deep in the red, turning in its worst percentage loss since 1987. The blue-chip index plunged nearly 3,000 points -- hitting its lowest point since April 2017 -- even after the Federal Reserve cut interest rates to nearly zero to help offset the damage done by the coronavirus. The S&P 500 and Nasdaq both joined the Dow with losses of 12% or more, with the latter logging its biggest one-day drop on record. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) roared to its highest point since the 2008 financial crisis.  Continue reading for more on today's market, including: FedEx stock was hit with a bear note ahead of earnings. This defense stock fell following the departure of its CEO. Plus, Apple closes its stores for two weeks; AAL experiences record lows; and CAT stock is up for the taking. >> Continue reading...
LATEST HEADLINES
>> Option Bulls, Analysts Eye Clorox Stock A surging demand for Clorox products has put analysts on high alert >> FedEx Slapped With Bear Note Before Earnings UBS Group cut its price target on FedEx to $141 from $187 >> Analyst Says Buy the Dip on This Dow Stock Most analysts remain skeptical, though >> LMT Stock Spirals Amid CEO Resignation Lockheed Martin's CEO Marillyn Hewson just announced her resignation >> Dow Dips Nearly 1,800 Points as Steep Selloff Continues Major indexes are still in the red Sponsored Download your complimentary copy of The 2nd Phase of 5G from Jeff Brown, Silicon Valley's most successful angel investor Free guide reveals why the second phase of 5g will require over 2.7 billion smartphones, to be replaced in order to access this revolutionary technology and two companies poised for massive gains. Click here for Access
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