China Stock Near Bullish Trendline

Gold logged its biggest percentage gain since May 2009

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Market Recap
 
 

3/23/2020

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Dow Plummets as Stimulus Bill Fails Twice

By Jake Scott

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Stocks began the week deep in the red, as political gridlock drags down Wall Street. Despite the Federal Reserve deploying aggressive new measures to aid markets against the COVID-19 outbreak, the Dow dropped over 800 points at its session lows as the Senate failed twice to negotiate the terms of a massive stimulus package. The S&P 500 and Nasdaq followed the blue-chip index lower, with all three indexes tagging over three-year lows earlier in the day.

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

  • ZTO Express pulled back to a historic bullish trendline.
  • Netflix stock was upgraded to "outperform."
  • Plus, Boeing stock upgraded; the pessimists are out on this Verizon rival; and Apple rescinded their two-device limit.

>> Continue reading...
LATEST HEADLINES

>> Nike Stock Hit With Bear Note as Earnings Loom
Nike is expected to reveal its fiscal third-quarter report after the close tomorrow
>> Option Bulls, Analysts Cozy Up To Netflix Stock
Netflix calls have been outnumbering puts as the streaming stock makes a swift recovery
>> ZTO Pulls Back to Bullish Trendline After Bear Note
ZTO Express just pulled back to a historically bullish trendline after a price target cut from Jefferies
>> Dow Drops 700 Points as Wall Street Awaits Stimulus Bill
Major indexes in the red as congress decides on an agreement
>> The Trend Minting Millionaires -- But Who Is Really Paying?
Porter Stansberry is making a concerning prediction.
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