(Kitco News) - Gold prices are lower in early U.S. futures trading Thursday as markets liquidity in a panicky global marketplace is drying up as traders and investors back away from trading markets. “When in doubt, get out” is the mantra today. U.S. stock index futures are presently locked limit down ahead of the opening of the New York day session. Silver prices are sharply down and hit an eight-month low. April gold futures were last down $16.30 an ounce at $1,625.70.
Global stock markets were sharply lower overnight. U.S. stock indexes are now in bear market territory—down more than 20% from their peaks that occurred just last month.
Quite a lot has been going on:
Market reactions to COVID-19: Stocks plunge further after Trump speech - Marketplace
This post was updated on March 12 at 11:22 a.m. ET. Check back here throughout the week for market updates.
Stocks declined even further on Thursday morning — which temporarily halted trading for the second time this week — after President Donald Trump announced a 30-day travel ban between Europe and the U.S.
The S&P dropped 7% after Thursday's opening bell, triggering the circuit breaker that stopped the trading. The Dow Jones plummeted by more than 2,000 points at one point, while the Nasdaq Composite Index dropped about 546 points.
Browne’s Irish Marketplace will be closed St.
KANSAS CITY, Mo. — The oldest Irish business in North America announced Thursday that they will be closed on St. Patrick’s Day.
“This decision to protect our employees, our friends, our patrons, and support protecting our communities’ health is a difficult decision, but it is the right decision at this time,” a spokesperson for Browne’s Irish Marketplace posted on Facebook.
Browne’s make the announcement around the same time that organizers for both the Snake Saturday and St. Patrick’s Day parades announced that they also made the difficult decision to cancel due to rising concerns over the coronavirus.
This was a terrible day for markets. Here's what comes next. - Marketplace
Were you following this:
'It will have no impact on the marketplace': Coronavirus cancelations will test the use
Coronavirus has not canceled the upfronts, but it is changing the TV-and-video industry's annual ad buying cycle.
However, while the presentations’ cancellation may not ultimately matter, coronavirus could still have an impact on the upfront marketplace this year. Considering how quickly the outbreak has spread, it's too early to say one way or the other.
As for any immediate impact, coronavirus has forced some changes in how companies do business in the upfront, but companies are still doing business in the upfront. "A lot of the larger holding company negotiations and discussions have already started," said a third agency executive.
6 Steps for Dealerships to Get Started on Facebook Marketplace
Here's a stat that will scramble your brain: Facebook Marketplace now has 800 million users worldwide .
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Here in the U.S., 1 in 3 people use the tool. It's no wonder that Facebook Marketplace has become a critical source of new leads for dealerships around the country.
Car buyers are making the switch from Craigslist because Marketplace has proven to be more transparent, secure, and easy to use. That means dealerships are following suit, and some are already seeing great results.
HGC deploys HGC International Marketplace with Naas
HGC Global Communications (HGC) has deployed the HGC International Marketplace with network-as-a-service (NaaS) on its BDx data centre.
The new offering will enable the near zero-touch availability of data centre services on the centralised marketplace.
HGC International Marketplace enables the interoperability among different segments of carriers, enterprises and developers. The NaaS marketplace will be available to all BDx data centres operating an on-net infrastructure connectivity between the data centres.
How COVID-19 will shape economic stimulus - Marketplace
As fears surrounding the COVID-19 outbreak continue to cause turmoil in the financial markets, the Trump administration is planning a stimulus package, hoping to offset the effects of economic downturn. But with a health crisis as the culprit, the aid could look quite different from packages in the past, when financial systems were the source of chaos.
Louise Sheiner is a senior fellow of economic studies at The Brookings Institution. She spoke with “Marketplace” host Kai Ryssdal about what an economic stimulus plan would need today, despite the cost.
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