S&P 500 Index ^GSPC
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Valiant Capital Management is a San Francisco-based hedge fund and is among the few who not only accurately predicted the coronavirus’ impact on global markets, but did something about it, The Wall Street Journal reported. Sources close to the hedge fund told WSJ its boss Chris Hansen started to take short positions in stock indexes in late January. A few weeks later, the fund started shorting companies it identified as over-levered from a financ...
Former governor of the Bank of England (BoE), Mervyn King, said on Monday that the UK’s economy is currently facing a much more serious challenge amidst the Coronavirus pandemic than the market crash of 2008. A leading global investment banking firm, Goldman Sachs, predicted a 1% decline in the global gross domestic product (GDP) on Monday ascribed largely to the ongoing health emergency. A range of businesses in the UK have already estimated a s...
Wall Street contracted again on early Thursday morning with the major U.S stock indices losing traction as Coronavirus continues to wreak havoc on the global economy. Dow Jones Industrial Average futures were seen 352 points down on Thursday morning and hinted that the index is likely to open around 250 points down and signaled another day in the red territory. Thursday morning data from the S&P 500 and Nasdaq futures also remained under pres...
With COVID-19 threatening to push the global economy into recession and disrupting business operations across the world, the benchmark S&P 500 index lost over £1.6 trillion in value as the market opened on Monday. The three primary U.S stock indices saw a trading halt for fifteen minutes on Monday that marked third such instance in the past six days. An automatic cutout was triggered in the S&P 500 index as it dropped by a massive 8% with...