Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Which stocks will surge next?
Unlock AI-picked Stocks
S&P 500 Futures: Coronavirus Impact Weighs
www.investing.com/analysis/sp-500-will-global-stimulating-efforts-be-sufficient-to-meet-coronas-impact-200514672/
S&P 500 Futures: Coronavirus Impact Weighs
By Satendra Singh | Mar 10, 2020 06:08AM ET I find that the S&P 500 futures saw a big fall, despite attempts to keep the markets stimulated over the past few weeks. It finally tumbled on March 9th, 2020 which may continue the currently prevailing exhaustion until there is a permanent breakthrough to stop the spread of COVID-19. Although policymakers have started to act aggressively to prevent an economic crisis and the S&P 500 Futures reversed from the lower levels seen on Tuesday, fears dominate and the virus has still completely disrupted the global supply chain and may continue some more time.
Crude was also supported by hopes for a settlement to the price war and potential U.S. output cuts, although analysts warned gains may be temporary as oil demand continues to be hit by the virus outbreak, which has spread beyond China and prompted Italy to implement a nationwide lockdown. But, I find that the growing hopes may see a sudden set-back, if the current scenario of global supply-chain remains unchanged during this month.
Finally, I conclude that despite repeated attempts by the S&P 500 futures to break immediate resistance at 2929; continued sell-offs make the situation far scarier than ever before, which may encourage bears to remain more aggressive above the level of 2989. I find that only a sustainable move by the S&P 500 futures on March 10th, 2020, above the level of 3030; may provide some strength to growing hopes for steep bounce during this week.
Watch my video
Disclaimer
1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.
2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.
S&P 500 Futures - Outlook For The Week Of March 9th, 2020
Related Articles
Yen keeps sinking after Bank of Japan decision
By Trading Point - Apr 26, 2024
1
Yen falls to fresh multi-decade lows after BoJ rate decisionUS GDP flashes mixed signals, dollar retreats in aftermathStocks recover on solid tech earnings, gold resumes uptrend...
Gold Consolidates Ahead of US PCE Report; Euro Up on Rate Cut Bets;...
By Octa - Apr 26, 2024
Gold Consolidates Just Below 2,340 Ahead of the Critical US PCE ReportThe gold (XAU) price gained 0.69% on Thursday as the US Dollar Index (DXY) dropped following the release...
Fund Market Sees First Weekly Inflow in 3, Adding $5.5 Billion
By Refinitiv Lipper - Apr 26, 2024
1
During LSEG Lipper’s fund-flows week that ended April 24, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the...
S&P 500 Futures: Coronavirus Impact Weighs
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.