tyb
U.S. Stocks Extend Losses on Virus, Tariff Woes: Markets Update
U.S. stocks fell the most in two weeks as the Trump administration considered fresh tariffs and a resurgence in virus cases around the world sharpened concern about the pace of the economic recovery. Yields on Treasuries fell and the dollar strengthened. The S&P 500 snapped a two-day advance, sinking almost 2%. Travel stocks and other companies that stand to benefit from life returning to normal fared worse. The tech-heavy Nasdaq Composite was lower for the first session in nine. The International Monetary Fund downgraded its outlook for the world economy, projecting a significantly deeper recession and slower recovery than it anticipated just two months ago. Florida set another daily record for new virus cases. Market sentiment is turning more negative on concern that the spreading coronavirus could force policy makers to slow the pace or reverse business re-openings. At the same time, there’s the potential for trade tensions to resurface between the European Union and the U.S.
The White House is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain and the U.K. The American Trade Representative wants to impose new tariffs on European exports like olives, beer, gin and trucks, while increasing duties on products including aircrafts, cheese and yogurt, according to a notice published late Tuesday evening. The EU is also debating whether to keep the door shut to American travelers this summer.
Elsewhere, crude oil slid below $40 a barrel in New York and gold steadied at $1,770 an ounce. But silver got whacked…down over 2%Caps #3-4
U.S. jobless claims, durable goods and GDP data are due Thursday.A rebalance of Russell indexes is due on Friday.
https://finance.yahoo.com/quote/%5EDJI
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://www.kitco.com/charts/livesilver.html
https://www.bloomberg.com/news/articles/2020-06-23/asia-stocks-to-open-mixed-after-u-s-gains-fade-markets-wrap
this is an updated link from 14 minutes ago
chill out anon baker is on it