FAANG Stock Making Moves

Major indexes in the red as congress decides on an agreement

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Midday Market Check
MIDDAY MARKET CHECK
 
 

3/23/2020

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Dow Drops 700 Points as Wall Street Awaits Stimulus Bill

By Laura McCandless
Share On

After making an attempted rebound  following a "limit down" this morning, rising after the Federal Reserve announced new measures to help markets against the COVID-19, the Dow Jones Industrial Average (DJI) is down over 700 points as investors wait for Congress to agree on a stimulus bill, and earlier hit a fresh three-year low. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the red midday, though Treasury Secretary Steven Mnuchin says congress is nearly in agreement on the stimulus package, and "we need to get this deal done today."

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

  • Boeing stock comes out of a deep slump .  
  • FAANG giant that just canceled its device limit.
  • Plus, INST’s unusual options; the medical equipment stock seeing a surge; and the tumbling marketing stock.
>> Continue reading...
LATEST HEADLINES
>> Dust Clears for Boeing After Upgrade
Goldman Sachs upgraded Boeing to "buy" from "neutral"
>> Analyst Waxes Pessimistic on Verizon Rival
Cowen and Company lowered AT&T to "marketperform"
>> Apple Stock Dips Slightly After Removing Two Device Limit
Apple canceled plans that would limit iPhone purchases to two per customer
>> Stock Futures Stage Surprise Bounce After Fed Decision
The Fed's measures to get the U.S. economy back on track are giving stock futures a big boost
>> Avoiding Pessimism as a Contrarian Entry Point
Friday's technical breakdown could have everything to do with options expiration
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