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Declines across the energy, consumer discretionary, and industrial sectors will most-significantly weigh on the broad index, Goldman said.
Oil surged as much as 35% on Thursday, leading a sharp rally in energy stocks that lifted the entire market.
From Bloomberg terminals to Zoom, traders at Wall Street’s biggest firms are building massive work-from-home setups to get an edge. We spoke to ...
Banks like Citi, Goldman, and JPMorgan have moved traders to remote work. Sources say technical challenges include replicating turret phones at home.
The Fed is powerless to stop the market’s riskiest debt from getting downgraded and defaulting, Goldman says
The bank's baseline scenario sees the 12-month trailing default rate jumping to 13% through 2020 and $555 billion in bonds downgraded to junk status.
Largely indiscriminate selling through March leaves firms with "still-solid fundamentals" poised for major gains in a bullish rally, the bank said.
Dow plunges 974 points after Trump warns of ‘painful’ times to come and a ‘shocking’ coronavirus death toll
Investors were rattled by Trump telling Americans to brace for a "very, very painful two weeks" during an address on Tuesday.
JPMorgan: The best possible outcome for a quick market recovery is shaping up as signs emerge globally
Markets with "direct policy backstops" stand to rebound fastest, but those with a more U-shaped trend still present value to investors, JPMorgan said.
Dow slumps 800 points after Trump warns of ‘painful’ times to come and a ‘shocking’ coronavirus death toll
Trump told Americans to brace for a "very, very painful two weeks," adding, "this is going to be three weeks like we've never seen before."
Billionaire bond king Jeffrey Gundlach says coronavirus-fuelled market sell-off will worsen in April
"I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach said.
UBS outlines an ‘enormous opportunity’ to buy up high-quality stocks and bonds following a sharp sell-off in recent weeks
Recent weeks saw equities across all S&P quality rankings tumble, and investors should "own high-quality names" when the virus threat fades, UBS said.