Wall Street backs off: Dow dropped 100 points, Nasdaq lost 0.8%

European stock exchanges lock down, Ducks lost 0.9%, Potassi plunged 0.3% Philadelphia manufacturing index peaked three years Initial US unemployment benefit requirements last week totaled 210,000 claims, according to forecasts

Trading Overview: Current Reports, Trends, Indices, Stock Exchanges, Bonds, Forex and Commodities and Analyst Recommendations

23:00

New York trading closed this evening in red territory, and the indices withdrew from the record recorded last night. The Dow dropped 100 points, the Nasdaq lost 0.7% and the S&P 500 down 0.5%. Apple, Microsoft and Intel were notable.

It was difficult to pinpoint the trigger that was realized during a sharp one-hour trading period, though some traders point a finger at the Chinese Global Times, where there has been a sharp increase in the Corona virus infections in Beijing.

Israeli solarridge surged to record levels after the reports.

20:30

Wall Street trading has been on a downward trend in the past hour. The NASDAQ index loses 1%, the Dow Jones down 0.6% and the S&P 500 down a similar rate. The Fear Index (VIX) jumps 10%.

The gold delivery contracts in April climb to a seven-year high, and the sixth consecutive day of increases, above $ 1,620 an ounce. This is against the backdrop of the search for a safe haven in the face of concern over the impact of the Corona virus on the economy and the companies that publish one after the other warning about harming their operations.

18:40

Wall Street stock exchanges have been trading down in the shadow of concern over the continued spread of the Corona virus, following a rise in the number of people infected with Korea. Meanwhile, South Korean chip giant SK Hynix, one of the suppliers of Apple technology giant, has shut down its factory with 800 employees, with some showing symptoms of the virus.

The Nasdaq Index lost 1.2%, the Dow Jones down 0.9% and the S&P 500 down a similar rate. The Fear Index (VIX) jumps 13.5%.

Goldman Sachs warned that it was too early to forget about the effects of the Corona virus. "In the near term ... We believe the greater risk is that the virus's impact on earnings could undermine stock prices, suggesting that the risks of correction are large," said Peter Oppenheimer, chief investment officer of the International Bank of Investment Bank.

Intel loses 3.6%, Microsoft drops 2.3%, Apple loses 1.2%.

In Europe, the stock exchanges were locked down. The Ducks lost 0.9%, Potsi dropped 0.3%, and the KAC dropped 0.8%.

16:55

Procter & Gamble has warned that its results for the first quarter of 2020 will hurt as a result of the spread of the Corona virus. However, the company did not change its outlook for the entire year.

Vasilius Kiunakis, head of the foreign exchange trading strategy at Swiss Audi Bank, said about the impact of the Corona virus: "Despite the uncertainty about the virus's containment and its negative impact on Chinese GDP in the first quarter, there are some tentative signs that we may be at the peak of pessimism. Public interest in the virus, like the number of items in the media, seems to have stabilized at high levels and is slowly declining. The rate of virus infection also slows down. In 2003, this marked the bottom for falling Asian property prices and commodity prices. We may reach such levels, although the process of stabilization may take some time. "

Vassilius also added on emerging market currencies against the spread of the Corona virus: "We anticipate a rebound, especially in the growth of emerging market currencies, starting in the second quarter, due to a significant package of incentives from China. The near-term market sentiment may remain fragile and continue to be priced at a premium. "We see emerging market currencies as the most attractive places in relation to the dollar. Emerging market activity needs to be intensified with global trade normalization and significant monetary and fiscal policy relief."

16:33

Wall Street trading opened in red territory, and the Nasdaq and S&P 500s are back from the record recorded last night. The leading indices lose about 0.2% in the opening.

Israeli WIX shares fall by about 10% after the release of the financial statements.

E-Trade E-Trade's stock jumps about 24% as Morgan Stanley acquires the $ 13 billion deal.

16:10

The Philadelphia Manufacturing Index rose to 36.7 points in February, its highest level in three years, compared with a 17-point reading in January. Reading above zero indicates the expansion of economic activity. The economists' forecasts were only 10 points.

15:35

Wall Street futures futures are down slightly ahead of the opening, following the gains recorded last night when the Nasdaq and the S&P 500 rose to an all-time high.

Initial US unemployment benefit requirements this past week totaled 210,000 claims, according to economists' forecasts, and slightly more than 205,000 last week's demands.

US bank Morgan Stanley announced it would buy the e-commerce company E-Trade in a $ 13 billion deal.

Venture capital firm Sycamore Partners will acquire control of Victoria's Secret apparel giant at $ 1.1 billion, holding 55% of the company's stock. The controlling shareholder, now L Brands, will remain with 45%.

13:30

The indices in Europe continue to lose height despite optimism about the possible weakening of the pace of the Corona infection.

In the US, futures indicate slight declines in trade openings, following the highs set there yesterday.

4% declines in Air France QL stock after the company warned that the Corona virus could hit its operating profit of € 200 million between February and April 2020.

10:30

Trading on the European stock exchanges opened at falling prices despite a slowdown in the spread of the Corona virus in mainland China, which helped other markets rise.

The Stokes Europe 600 Index loses 0.2%, with a 0.7% decline in the telecom sector and a 0.35 rise in the banking sector. The Shanghai Stock Exchange saw a sharp rise of 1.8% today and Shenzhen climbed about 2% in hopes of slowing the spread of the virus due to a decline in the number of new hospital cases and other incentive measures from China.

As of yesterday, 114 more deaths and 394 new patients were reported in China, so the number of inland China deaths was 2,118 and the number of patients was 74,576. The number of new cases was drastically lower compared to 1,749 the day before.

Japan confirmed today that two passengers on the Diamond Princess ship were dead.

07:30

Trading on Asian stock exchanges is trending Thursday, after China lowered its interest rate on loans (LPR) in the country, as part of the fight against the corona's effects. The Shanghai Stock Exchange is up 0.5%, and Shenzhen is up about 1%. In Hong Kong, on the other hand, the index has fallen by about 0.8%.

In a much-anticipated move, the Central Bank of China lowered its one-year lending rate by 10 basis points and five years by five basis points. The announcement came after the bank lowered its interest rates on medium-term loans.

Japan has seen a 0.4% rise in the Nikkei index, leading to a surge of more than 3% in Softbank.

Australia is up 0.3%. The unemployment rate in the country increased in January on a seasonally adjusted basis, reaching 5.3% compared to 5.1% in December. The Australian dollar has declined against the US dollar.

A 6% jump has been registered in Qantas airline after the company announced that it is making changes to its flights to Asia at least by the end of May.

In Korea, a cospic index climbs 0.5%.

On Wednesday, Wall Street closed higher, with NASDAQ and S&P 500 up 0.9% and 0.5%, respectively, at an all-time high. The Dow Jones Industrial Average climbed by more than 100 points. More than 9% following the press conference held by CEO Kar Schultz in Tel Aviv yesterday morning.