Volatility index rise signals market uncertainty
US stock markets have been experiencing wild swings this week. A three-day market drop that trimmed about 10 percent from the Nasdaq Composite — marking a sharp correction after a series of record highs — was followed Wednesday by a strong rally.The S&P; 500 and the Dow Jones Industrial Average also rebounded Wednesday.Nevertheless, analysts at Goldman Sachs believe the trajectory of the Chicago Board Options Exchange's Volatility Index (VIX) — often called the "fear index" — and the S&P; 500 may signal a market plunge not seen since the dot-com bubble burst in 2000.The VIX, based on S&P; 500 ...
China Daily US edition
Global stocks rebound from virus-driven downturn
New York (AFP) - Global stocks rallied strongly Tuesday as fears eased over an economic hit from the coronavirus outbreak in China even as the number of cases continued to rise.Major indices in Asia, Europe and the US all gained one percent or more, with analysts citing economic stimulus measures by the People's Bank of China for cushioning the blow in that country, as well as the extremely limited spread of the ailment so far in the United States.The dollar largely firmed while the pound recovered, after the sharp decline Monday triggered by Britain and the European Union offering very differ...
'Spider-Man' swings to top of North America box office
Los Angeles (AFP) - Once again Spider-Man is trapping everything that flies by: "Spider-Man: Far From Home" took an impressive $185.1 million in North America over the long US holiday weekend period, industry watcher Exhibitor Relations said Monday.The latest smash hit in the Spider-Man franchise, made by Sony and Disney-owned Marvel, has already passed the half-billion-dollar mark worldwide.Its story line follows on from blockbuster "Avengers: Endgame" to focus on how Spider-Man (Tom Holland) confronts a world without Iron Man.Samuel L. Jackson, Jake Gyllenhaal and Zendaya also star.Released ...