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MercoPress, en Español

Montevideo, April 16th 2024 - 16:23 UTC

Tag: Black Monday

  • Friday, March 13th 2020 - 08:57 UTC

    Coronavirus panic in markets wipes US$ 14 trillion in a month

    Even after its worst crash since Black Monday in 1987 overnight, Dow futures are down about 3% in Asia, as are S&P 500 futures.

    Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some US$14 trillion from world stocks in a month.

  • Tuesday, March 10th 2020 - 08:15 UTC

    Black Monday cocktail: oil price war and coronavirus trigger market panic

    Major US indices plunged more than 7% with the Dow finishing more than 2,000 points lower in its worst session since 2008, following a 15-minute halt to trading

    World oil prices crashed on Monday, fuelling a vicious selloff on stock markets that were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30% at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.

  • Wednesday, February 7th 2018 - 08:44 UTC

    Algorithmic trading accelerated Black Monday markets plunge, speculate analysts

    Such automated trading almost certainly accelerated the sell-off on Monday, which saw the Dow Jones Industrial Average crashing 800 points in ten minutes.

    Robot trading has accelerated this week's market dive and may have sparked the sell-off, experts say. Financial firms use computers programmed with complex sets of instructions known as algorithms, which identify trading opportunities and then strike faster than any human could.