dChan
Anonymous ID: b0bff7 March 18, 2020, 10:53 a.m. No.8464483   🗄️.is đź”—kun   >>4618 >>4623 >>4700 >>4747

S&P 500 Crashes Below Dec 2018 Lows, Dow Collapses Red Since Trump Inauguration

 

The dollar is screaming higher as stocks crash, triggering a Level 1 circuit breaker and a market-wide trading halt. The Dow is down 8% today…down 10,500 points from its record highs. The demand for dollars is going exponential…see cap #4

 

U.S. oil plunges to 18-year low as lockdowns trigger market meltdown

 

Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse. With governments worldwide urging residents to limit gatherings and isolate themselves, global oil demand by the end of March could fall as much as 8 million to 9 million barrels per day (bpd), Goldman Sachs said.

 

Investors broadly fled risky assets again on Wednesday, after equity markets recovered on Monday. U.S. stocks slumped, with the S&P 500 dropping 7%, triggering a 15-minute halt to trading, while copper futures fell 6.9%.

 

U.S. crude CLc1 was down $5.19, or 19%, at $21.76 a barrel. The session low was the lowest since March 2002. Brent crude LCOc1 was trading down $3.37, or 12%, at $25.35 a barrel by 1:20 p.m. EDT (1720 GMT) after dropping as low as $25.23, its weakest since 2003.

 

The oil market was already reeling after Saudi Arabia decided this month to dramatically increase supply since it and Russia could not agree to cut output in anticipation of weaker demand.

 

Saudi Arabia has so far ignored entreaties to act to balance the market, reiterating plans to maintain production at more than 12 million barrels per day, which would be a record.

https://www.reuters.com/article/us-global-oil/u-s-oil-plunges-to-18-year-low-as-lockdowns-trigger-market-meltdown-idUSKBN21503J

 

https://www.zerohedge.com/markets/stocks-slump-triggers-market-wide-trading-halt

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://finance.yahoo.com/quote/%5EDJI