Futures indicate further declines on Wall Street

walidchabir (48)in #cryptocurrency • 5 years ago

Wall Street posts worst first quarter in history

The US markets closed lower yesterday as the DJ30, SPX500 and NSDQ100 all posted losses. In addition, the 1st quarter of 2020, which ended yesterday, is officially the worst in history since the DJ30 and the SPX500 both fell by more than 20% in the first three months of the year due to the coronavirus epidemic. To keep up with the latest information on the global impact of the coronavirus pandemic, check out the constantly updated eToro blog.

SPX500
SPX500 | SPX500

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2,490.16 -85.32 (-3.31%)

69% sale

Headlines: International markets mainly down

Futures contracts indicate a downward opening in the United States: DJ30 futures contracts indicate a fall of 500 points when the markets open today. The US markets could also be affected by the ADP NFP report and the ISM on the Purchasing Managers' Index (PMI) of the manufacturing sector, which will be published at 1:15 p.m. and 3:00 p.m. GMT respectively.

Cryptocurrencies have lower volatility: the cryptocurrency market has been calmer in the past 24 hours as 7 top 10 currencies have fluctuated by 1% or less. At the time of writing, Bitcoin was down about 1.7%, dropping below $ 6,400.

The Asian markets are mixed: while the HKG50 and JPN225 indices were down this morning, the China50 index was up, partly thanks to the positive manufacturing data published in China.

Cloud giants stand out in the markets: while the vast majority of stocks collapsed in the first quarter, Microsoft and Amazon managed to hold their own due to revenues from home deliveries for the latter and services cloud services offered by the two, which are in high demand during the pandemic. Microsoft struggled to stay in positive territory, up just 0.00006% since January 1, however, Amazon posted a much better performance, ending the first quarter with gains of 5.43%.

Eldorado is following up on the merger announcement: Caesars Entertainment would continue its acquisition of Eldorado Resorts, despite the impact of the coronavirus on the hotel sector. Following the announcement, Eldorado shares jumped 19.5% yesterday. To follow the most recent and significant market fluctuations, please visit the Market Movers page on eToro.

European markets are opening to the downside: the UK100 opened on a fall of 114 points, the GER30 fell by 178 points and the FRA40 by 80 points.

DJ30
DJ30 | DJ30

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