Tag: stock market
US markets halt trading after global equities retreat, oil collapses, bond yields fall, and cryptos drop
Welcome to the bloodbath. This morning trading was halted on the major stock exchanges after the S&P 500 fell to 7% triggering what are one of the so-called circuit breakers to stop an absolute market rout. Within seconds of opening stocks fell sharply lower, with the Dow Jones Industrial Average…
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Stocks fell sharply today, bringing yet more unwelcome volatility to tech shares
Are you tired of TechCrunch reporting on the daily stock market gyrations? Well, we’re tired of writing about them. And yet here we are, because stonks yet again did wild things that we have to talk about. Markets are still skittish about the effect the rapidly spreading novel coronavirus, COVID-19,…
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Robinhood’s downtime as a stress test for the consumer fintech boom
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Earlier this week, the popular free stock trading service Robinhood suffered downtime over a two-day period. The company, a well-funded unicorn taking on incumbents in its industry, failed to operate…
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After turbulent week, the stock market sees record gains
So much for that correction! After a desolate week, the United States saw its major indices rally on Monday, pushing the value of domestic and domestically listed securities higher. The gains came despite a rising number of infections in the country of the novel coronavirus, now known as COVID-19. Last…
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The Dow Jones drops nearly 1200 points as coronavirus fears batter stock markets
The Dow Jones Industrial Average dropped nearly 1200 points today to close at 25,766.64, marking the single worst week for the index since 2011. The Nasdaq stock market fell over 400 points. Behind the collapse was a growing realization that COVID-19, the coronavirus strain sweeping across the globe, has indeed landed…
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Tesla locks in stock surge with $2B offering at $767 per share
Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion. Lead underwriters Goldman Sachs and…
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