Tag Archives: Dow

Dow Beats Back Bears with 200 Point Rally, Bitcoin Teeters Toward ‘Critical’ Support

The bulls are back in town ahead of the US trading session, at least for one more day, and a buoyant Dow looks poised to leap nearly 150 points at the stock market’s opening bell. The mood is a bit more sour in the cryptocurrency market, where the bitcoin price is careening toward an uncomfortable milestone and could soon test its critical support level. Continue reading Dow Beats Back Bears with 200 Point Rally, Bitcoin Teeters Toward ‘Critical’ Support

Dow Futures & Bitcoin Look Shaky as US Celebrates Market Holiday

The US stock market is closed today in observance of Martin Luther King Jr. Day, but Dow futures pointed south after China’s growth fell to a nearly three-decade low. The cryptocurrency market, which never takes a breather, also remained bearish following Sunday’s pullback, leaving the bitcoin price uncomfortably close to the $3,500 mark. Continue reading Dow Futures & Bitcoin Look Shaky as US Celebrates Market Holiday

Anti-Bitcoin JP Morgan CEO Jamie Dimon: No Recession Ahead, Dow is Rebounding

Jamie Dimon — the anti-bitcoin CEO of JPMorgan Chase — says a global recession is not coming, so everyone needs to “take a deep breath” and chill out. Dimon said the Dow and other stock market indices are merely experiencing a temporary hiccup, but that doesn’t mean the US economy will slide into a recession anytime soon. Continue reading Anti-Bitcoin JP Morgan CEO Jamie Dimon: No Recession Ahead, Dow is Rebounding

Jim Cramer: Fed Reassurance Should Spur Dow Jones, Wider Stock Market to Rally

The markets have been extremely volatile towards the end of 2018 and beginning of 2019. It has been widely assumed that the sell-off in the Dow Jones and other indices has been caused by tensions between the United States and China. Markets worldwide have been affected – including the Australian, Japanese and London stock markets. Another possible cause is the Fed’s view on interest rate hikes. Continue reading Jim Cramer: Fed Reassurance Should Spur Dow Jones, Wider Stock Market to Rally

Bitcoin Price Recovers as Dow Suffers Worst Week in a Decade

The latest equity market data makes for pretty grim reading for conventional equity traders, as it shows that the Dow Jones Industrial Average has suffered its worst week since the global financial crisis of 2008. According to the data, the Dow lost 1,655 points or about 7 percent in its worst week-on-week decline in 10 years with no immediate sign of recovery on the horizon. Continue reading Bitcoin Price Recovers as Dow Suffers Worst Week in a Decade