Total virus-related deaths rose past 252,000. IBD Stock Of The Day, Tesla , surged 8.2% on its inclusion in the S&P 500 index. Early Wednesday, Tesla rallied 3% after Morgan Stanley upgraded the stock.

Global oil demand is expected to increase more slowly in 2021 than previously thought, according to the Organization of the Petroleum Exporting Countries. OPEC also lowered its 2020 demand forecast by 0.3 million barrels per day , projecting a 9.8 million bpd decline year over year. The best-performing sectors for the week were energy and financials, while the worst-performing sectors were consumer discretionary and information technology.

Boeing on Wednesday said it is set to bring its workforce down to 130,000 by the end of 2021, after starting the year with a headcount of 160,000, according to a statement released in tandem with its third-quarter earnings results. Dorsey said the New York Post, which has not posted to its Twitter page in two weeks, could go into its account, delete the original tweet about the reporting for the article, and republish it without issue now. Later Wednesday after market close, firms including Ford , Etsy , Pinterest and Gilead Sciences will report quarterly results. As of Tuesday morning, https://en.wikipedia.org/wiki/Trader_(finance) companies comprising about 32% of the S&P 500’s market capitalization had reported third-quarter results, with earnings topping estimates by 16.1% in aggregate so far, according to an analysis by Credit Suisse. Still, the bar to clear was relatively low, with analysts heading into third-quarter earnings season looking for an aggregate drop in S&P 500 earnings per share of about 20% over last year. Meanwhile, the toll from COVID-19 continues to climb, with deaths topping a quarter of a million Americans, while the cumulative number of infections is surging relentlessly toward 12 million.

The broad municipal bond market was little changed over most of the week and outperformed Treasuries. Lower-quality municipals generally performed better than high-grade bonds. However, Illinois general obligation debt continued to struggle amid concerns about the state’s willingness to enact spending cuts to bridge its near-term budget gap. The yield on the benchmark 10-year U.S. Treasury note ended higher for the week. (Bond prices and yields move in opposite directions.) Early in the week, long-term yields surged to their highest levels since March on encouraging news about Pfizer’s late-stage vaccine trial. However, yields decreased on Thursday amid fears of new lockdowns and weak inflation data, with the headline and core consumer price index readings surprising investors by remaining unchanged in October.

He specializes in financial planning, investing, and retirement. Dana Anspach wrote about retirement for The Balance. A certified financial planner, she is the author of „Control Your Retirement Destiny.“ The four progressive congresswomen known as „The Squad“ have been some of the most vocal advocates pushing President-elect Joe Biden to cancel student loan debt during his first 100 days in office.

Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio

Corporate bonds sold off following a default by state-owned Yongcheng Coal & Electricity, an event that proved disruptive to China’s money markets and led the country’s central bank to inject liquidity into the financial system. Foreign flows into https://lexatrade.biz/en/ China’s bond market slowed in October following an especially strong third quarter, which recorded inflows of USD 21 billion for each month. In currency trading, the renminbi stayed broadly unchanged and ended at 6.610 against the U.S. dollar.

21 February

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• Chesapeake warned in a securities filing last month that it may reorganize under bankruptcy protection.
• The yen weakened and traded near JPY 105 versus the U.S. dollar.
• The company has a heavy debt load that it will struggle to repay at a time when oil prices, even after a recent rally, are well below levels reached in recent years.

Meanwhile, Apple is on the IBD Leaderboard Watchlist. Most investors don’t invest January 1 and withdraw on December 31, yet market returns tend to be reported on a calendar-year basis.

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„China stocks slide 3%, leading sharp losses for Asia as coronavirus spreads“. „Major Asian markets fall more than 2% to cap week of market gyrations“. „Chinese stocks lead gains as IMF announces $50 billion package to fight coronavirus“. Archived from the original on 5 March 2020. „Brazil central bank to intervene in FX swaps market on Thursday“. „European markets close higher as investors monitor virus spread and hope for stimulus“. „South Korea stocks up more than 2% as Fed cuts rate; China’s services sector slumps in February“.

Imbert, Fred; Pound, Jesse; Huang, Eustance . „Dow plunges more than 700 points despite the Fed cutting rates“. „G-7 countries promise to use policy tools but offer no specific actions to combat coronavirus“. „Dow roars back from coronavirus sell-off with biggest gain since 2009, surges 5.1%“. „Fed’s Powell says coronavirus poses ‚evolving risks,‘ pledges to ‚act as appropriate‘ for economy“. „Christine Lagarde says coronavirus yet to cause ‚long-lasting shock‘ „.

Remember that trading in Dow Jones futuresand elsewhere doesn’t necessarily translate into actual trading https://www.investopedia.com/terms/f/financial-market.asp in the next regularstock market session. Chipotle, Microsoft and Tesla are all IBD Leaderboard stocks.

The Indonesian government announced that it would issue bonds whose proceeds would dedicated for financial assistance programs to business severely distressed by the COVID-19 pandemic. The Central Bank of Russia announced that it continue selling foreign currency in domestic markets the following week. The Bank of Korea announced that it would conduct open-ended open market purchases of government bonds at repo auctions every Tuesday for the following three months. The Mexican federal government’s credit rating was downgraded by S&P Global Ratings to BBB. The Czech National Bank cut its bank rate by an additional 75 basis points to 1%. Singaporean Finance Minister Heng Swee Keat announced a second fiscal stimulus package of S$48 billion (US$33.7 billion). Indian Finance Minister Nirmala Sitharaman announced a $23 billion fiscal stimulus package.

The yield on the ICE BofA US High Yield index fell to 4.6% after Pfizer-BioNTech’s vaccine announcement, from 5.7% before the presidential election. The yield on the benchmark 10-year T-note settled at 0.89% Friday, up slightly from 0.88% on Thursday. Yields surged earlier in the week on the heels of positive vaccine news, but retreated toward the end of the week as US coronavirus cases reached record highs.

The Central Bank of the Republic of Turkey announced that it would cut its repo rate by 100 basis points from 10.75% to 9.75%, while providing the Turkish lira https://lexatrade.com/ repo auctions at 150 basis points lower than its benchmark repo rate. The Bank of Israel announced that it would cut its bank rate by 15 basis points to 0.10%.