Investors have flocked to traditional safe haven assets after U.S. oil prices plummeted below zero for the first time in history, as the coronavirus pandemic hammers demand.futures Wednesday morning
are pointing to an attempted stabilization at the market open after two days of steep losses on Wall Street. The U.S. Senate on Tuesday unanimously passed legislation to provide almost $500 billion in federal aid for small businesses, hospitals and testing, with confirmed coronavirus cases in the U.S. exceeding 825,000 as of Wednesday morning, according to Johns Hopkins University.
Auctions will be held Wednesday for $30 billion of 103-day Treasury bills and $30 billion of 154-day bills.- CNBC's Yun Li and Fred Imbert contributed to this report.
Source: Financial Digest (financialdigest.net)
Texas Bubble is done!
Bye bye Texas.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury yields move lower after historic oil price plungeU.S. government debt prices were higher Tuesday, after a historic oil price plunge stunned market participants in the previous session. Just a thought, do supervillain's like to put industries out of business or bring entire countries into chaos? PutinAtWar
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Plunge, Dow Falls 500 Points As Historic Oil Rout ContinuesStocks were down 2% as the selloff in oil markets deepened.
Source: Forbes - 🏆 394. / 53 Read more »
Treasury yields lower as US oil prices sinkU.S. government debt prices were higher Monday morning as investors digested news related to Covid-19 and lower oil prices. We will see if the bond market ETF’s rally in the morning.
Source: CNBC - 🏆 12. / 72 Read more »
Oil price crashes into negative territory for the first time in history amid pandemicU.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. *wampwamp* 😄😃😎😄😃 The oil bailouts should not exceed $1200.
Source: Reuters - 🏆 2. / 97 Read more »
Dow set to stumble a second day after historic plunge in oil pricesU.S. stock-index futures early Tuesday point to a second day of losses for the major benchmarks after a historic fall for oil, as investors brace for a fresh slate of earnings and weigh the impact of overnight developments.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. oil's May contract just marked history, plunging about 300% to settle negative $37.63 a barrelU.S. oil's May contract plunged into negative territory on Monday, meaning that you would have to pay to get someone to take barrels of oil off your hands.... Is USO a buy right now? So demand is paid for buying supply?
Source: MarketWatch - 🏆 3. / 97 Read more »