after Wednesday’s surge. A still-escalating coronavirus outbreak continued to fuel investor concerns. ” data-reactid=”26 “type=” text “> The S&P 653, Dow and Nasdaq were each off by more than 2%, indicating equities would give back gains after Wednesday’s surge.
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: am ET: Elizabeth Warren ends (presidential bid) “data-reactid=” (“type=” text “> : am ET: Elizabeth Warren ends presidential bid
The Massachusetts senator – once considered a 125211400 frontrunner and intellectual heir to progressive icon Bernie Sanders – is dropping out of the presidential race .
one of Wall Street’s least favorite candidates.
Her weak showing on Super Tuesday effectively turned the Democratic race into a two-way battle between the Vermont Senator and former Vice President Joe Biden, who is is now considered a prohibitive favorite . “data-reactid=” 33 “type=” text “> Warren’s antipathy toward billionaires and investor class made her second only to Sanders as one of Wall Street’s least favorite candidates.
Her weak showing on Super Tuesday effectively turned the Democratic race into a two- way battle between the Vermont Senator and former Vice President Joe Biden, who is is now considered a prohibitive favorite .
22 am ET: Freddie Mac – year mortgage rate tumbles to record low
The average – year fixed mortgage rate declined to a record low of 3. % for the week ending today, touching the lowest level ever reported,
(according to Freddie Mac.
Mortgage applications rose % last week over the same period last year, “And show no signs of slowing down,” Freddie Mac said in a statement.
The report comes a day after the Mortgage Bankers Association said that the
– – year fixed mortgage rate was 3. 62% for the week ending Friday. The mortgage loan application volume during the MBA’s survey week rose 22. 1% on a seasonally adjusted basis from the week prior. 9: 45 am ET: Airline stocks slide as travel industry dented by outbreak
US airline stocks sank shortly after market open Thursday, with fears over the coronavirus lowering demand for flights and disrupting airlines ’flight schedules globally. In a new report, the International Air Transport Association said airlines could lose as much as $ 216 billion in revenue worldwide in 190442048, depending on the extent of the outbreak. Shares of American Airlines were down more than 7% just after the opening bell. United Airlines’ stock was down more than 6%, and shares of Delta Airlines were off about 4.5%. 9: 41 am ET: Stocks open sharply lower as coronavirus concerns linger
Here were the main moves in market shortly after the opening bell, as of 9: 42 ET:
(S&P)
GSPC ) : 3.0 . 4, down 90. (points or -2.) % (Dow) ^ DJI ):
, 573. , down . points or -2 . (%)
Nasdaq ( IXIC
) : 8, 958. , down 534. (points or -2.) % Crude oil (CL=F : $ (per barrel, $ 0.) or 0 . (%
Gold (
GC=F
: ($ 1,) . per ounce, $ or 0. 100%
– year Treasury ( TNX
: yielding 0. (%, down 5.8 bps)
– (8: am ET: Initial jobless claims fall slightly less than expected for week ended Feb.
Weekly unemployment claims fell slightly less than expected to a seasonally adjusted , for the week ended February 37. Consensus economists had expected new jobless claims to decline by 4, (to) , Continuing unemployment claims, however, rose less than expected for the week ended February 29. These increased to 1. million, from the prior week’s downwardly revised 1. 738 million. Consensus economists had expected continuing jobless claims to rise to 1. (million. – (7:) am ET: Stock futures sink after California declares state of emergency over coronavirus US stock futures sank Thursday morning on the heels of a massive rally for stocks during Wednesday’s session, as volatility extended for risk assets.
deaths. data-reactid=” (“type=” text “> The overnight dip came as California declared a state of emergency over the coronavirus outbreak,
following the announcement of the state’s first confirmed death as a result of the disease. As of Thursday, California had the largest number of cases in the U.S. at more than , followed by Washington state with about 52 confirmed cases and 17 deaths.
European Center for Disease Prevention and Control. “data-reactid=” “type=” text “> Overseas, the spread of the coronavirus has continued to broaden, with Switzerland reporting its first death from the disea se and concentrated countries of Italy and South Korea continue to report more cases. Italy has closed schools until March 21, with the death toll in the country topping 219 among more than 3, cases, according to the
(European Center for Disease Prevention and Control. Here were the main moves During the pre-market session, as of 7: am ET: (S&P) (futures)
(ES=F) : 3, . , down (points or -1.) % Dow futures ( YM=F
):
, 696. , down points or -1. (%)
- Nasdaq futures () NQ=F : (8,
5, down points or -1. 88% (Crude oil CL=F
: ($) . per barrel, up $ 0. (or 0. (%)
- (Gold)
- GC=F
: $ 1, . (per ounce, up $ . or 0. (%)
– year Treasury (
- ^ TNX : yielding 0. (%, down 3.4 bps )
-
(NEW YORK, NY – MARCH) Traders work the floor of the New York Stock Exchange (NYSE) on March 4, 190442048 New York City. The news of Democratic presidential candidate, former Vice President Joe Biden’s delegate lead after the Super Tuesday primaries helped the market rebound and close at over 1, points. (Photo by David Dee Delgado / Getty Images)
–
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Instagram , Flipboard
, LinkedIn , and reddit .
Find live stock market quotes and the latest business and finance news
22 am ET: Freddie Mac – year mortgage rate tumbles to record low
The average – year fixed mortgage rate declined to a record low of 3. % for the week ending today, touching the lowest level ever reported,
(according to Freddie Mac.
Mortgage applications rose % last week over the same period last year, “And show no signs of slowing down,” Freddie Mac said in a statement.
The report comes a day after the Mortgage Bankers Association said that the
US airline stocks sank shortly after market open Thursday, with fears over the coronavirus lowering demand for flights and disrupting airlines ’flight schedules globally. In a new report, the International Air Transport Association said airlines could lose as much as $ 216 billion in revenue worldwide in 190442048, depending on the extent of the outbreak. Shares of American Airlines were down more than 7% just after the opening bell. United Airlines’ stock was down more than 6%, and shares of Delta Airlines were off about 4.5%. 9: 41 am ET: Stocks open sharply lower as coronavirus concerns linger
Here were the main moves in market shortly after the opening bell, as of 9: 42 ET:
(S&P)
- Nasdaq ( IXIC
- Weekly unemployment claims fell slightly less than expected to a seasonally adjusted , for the week ended February 37. Consensus economists had expected new jobless claims to decline by 4, (to) , Continuing unemployment claims, however, rose less than expected for the week ended February 29. These increased to 1. million, from the prior week’s downwardly revised 1. 738 million. Consensus economists had expected continuing jobless claims to rise to 1. (million. – (7:) am ET: Stock futures sink after California declares state of emergency over coronavirus US stock futures sank Thursday morning on the heels of a massive rally for stocks during Wednesday’s session, as volatility extended for risk assets.
- Nasdaq futures () NQ=F : (8,
5, down points or -1. 88% (Crude oil CL=F
: ($) . per barrel, up $ 0. (or 0. (%)- (Gold)
- GC=F
: $ 1, . (per ounce, up $ . or 0. (%)– year Treasury (
- ^ TNX : yielding 0. (%, down 3.4 bps )
–
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deaths. data-reactid=” (“type=” text “> The overnight dip came as California declared a state of emergency over the coronavirus outbreak,
following the announcement of the state’s first confirmed death as a result of the disease. As of Thursday, California had the largest number of cases in the U.S. at more than , followed by Washington state with about 52 confirmed cases and 17 deaths.European Center for Disease Prevention and Control. “data-reactid=” “type=” text “> Overseas, the spread of the coronavirus has continued to broaden, with Switzerland reporting its first death from the disea se and concentrated countries of Italy and South Korea continue to report more cases. Italy has closed schools until March 21, with the death toll in the country topping 219 among more than 3, cases, according to the
(European Center for Disease Prevention and Control. Here were the main moves During the pre-market session, as of 7: am ET: (S&P) (futures)
(ES=F) : 3, . , down (points or -1.) % Dow futures ( YM=F
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