Breaking Down Pepsi's New Purchase

Oil prices remained under pressure as well

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Market Recap
 
 

3/11/2020

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Dow in Bear Market Territory as COVID-19 Declared Pandemic

By Jake Scott

Share On

It was another bloodbath on Wall Street today. The Dow, S&P 500, and Nasdaq all fell by 4.5% or more, with the blue-chip index closing in bear market territory. The latter two indexes briefly dipped into bear market territory, but ultimately did not close there. The global economy continues to struggle in the face of the spreading coronavirus outbreak, especially after the World Health Organization (WHO) declared COVID-19 "pandemic" status earlier today. Meanwhile, promises of fiscal stimulus measures from the Trump Administration appear vague at best for now.

Continue reading for more on today's market, including:

  • A certain beverage stock fell today despite a major acquisition.
  • Shares of Soliton surged after the company received key FDA clearance.
  • Plus, Eli Lilly stock soars amid virus threat; an auto stock lost after it closed plants; and one grocer hit record lows.
>> Continue reading...
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>> Technical Signal Could Wilt Sprouts Farmers Market Stock
The 80-day moving average has meant more downside for SFM in the past
>> Stocks Suffer Steepening Selloff Midday
The Dow has completely erased yesterday's rebound
>> Utility Stock Overdue for Bear Notes
There's optimism to be unwound in the options pits, too
>> The Nevada Discovery That Could Jeopardize Chinese Dominance
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>> Drug Stock Upgraded Despite Coronavirus Threat
Goldman Sachs added Eli Lilly to its "Conviction Buy" list
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