^RUT - Russell 2000
| Previous Close | 1,131.99 |
| Open | 1,134.14 |
| Volume | 0 |
| Day's Range | 1,119.95 - 1,158.64 |
| 52 Week Range | 966.22 - 1,715.08 |
| Avg. Volume | 51,095,222 |
- FX Empire
U.S. Stocks Mixed After Turbulent Weekend
Market is undecided as the U.S. extends virus containment measures until the end of April.
- Zacks
Should iShares Morningstar Small-Cap Value ETF (JKL) Be on Your Investing Radar?
Style Box ETF report for JKL
- Bloomberg
Credit Has Ballooned Since 2008 Spelling Trouble for This Crisis
(Bloomberg) -- Why is credit under pressure once more? Mainly because the decade since the global financial crisis has not been the “Decade of Deleveraging” that many expected. Banks have delevered since then, but that debt largely has moved to governments and other corporates, both of which are far more heavily levered than they were in 2008. Household debt remains essentially unchanged.That explains why corporate credit is bearing the brunt of concerns this time — even the highest-quality corporate names. The yield spread that companies rated BAA or better by Moody’s must offer compared with Treasuries has shot up in recent days to the highest since 2012.As a result of this extra leverage, companies in the broad S&P 1500 have sharply increased their total debt to assets. The median company in the index now has a record leverage ratio, according to the SG Cross Asset team at Societe Generale.Smaller companies have taken on particularly big risks. SG Cross Asset shows that large-caps have far greater interest coverage. For the smallest 50% of all U.S. businesses, interest coverage already was declining before the current crisis took hold.The smaller companies have seen their share prices hammered as analysts increasingly fear they are overlevered. While operating earnings of businesses in the Russell 2000 have barely moved since the crisis, net debt has increased almost four-fold.The recent selloff has been driven by the collapse of the oil price, as well as concerns that the response to the coronavirus will hit economic growth. The U.S. shale revolution has been financed in large part by high-yield bonds, and FTSE’s index of high-yield U.S. energy credits has tumbled in the last week. It also did so when the oil price tanked from 2014-2016 during the last breakdown in OPEC discipline, but this fall has been even sharper.The problem is not restricted to the U.S. The national oil producers of Mexico and Brazil are vital to their host countries’ economic prospects, and both are the subject of deep criticism over their corporate governance. Yields on debt for Petrobras and Pemex have almost doubled since the oil price began its recent slide.Beyond the oil sector, there is concern that emerging markets, as defined by the Institute of International Finance, have sharply increased their borrowing since the 2008 crisis. This is true of households, governments and banks, and particularly nonfinancial corporations, whose debt on its own is now almost equivalent to total emerging-market GDP.Central to the concerns has been China’s corporate sector, which took on huge amounts of extra leverage after the country launched its aggressive fiscal stimulus at the end of 2008. There have been attempts to rein this in since China’s unscheduled and disorderly devaluation of 2015 briefly sent tremors through global markets. But China’s nonfinancial corporate debt remains some 60% higher than its GDP. Most is in local currency, and it remains to be seen how indebtedness will have been affected by the slowdown to contain the coronavirus.Meanwhile, emerging markets as a whole have — as usual — borne the brunt of the “risk-off” move in global markets. The JPMorgan EMBI spread, the benchmark for the extra yield emerging governments must pay compared with equivalent Treasuries, has shot up to the highest since the early weeks of 2009. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
5 Surprising ETF Winners Amid Stimulus-Fed Wall Street Rally
Stimulus hopes boost Wall Street on Tuesday. But the major ETF winners may surprise you.
Yahoo Finance VideoMarket Recap: Monday, March 30
Stocks rebound on Monday following the market selloff on Friday as investors gain optimism on hindering the coronavirus spread. Yahoo Finance's Live panel takes a closer look at how markets close.
Yahoo Finance VideoYahoo Finance Presents: Senator Kirsten Gillibrand
In this episode of Yahoo Finance Presents, Rick Newman speaks with New York Senator Kirsten Gillibrand about Congress' coronavirus relief bill and what lawmakers are doing to protect NY.
- Yahoo Finance Video
Yahoo Finance LIVE - Mar 30
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Yahoo Finance VideoYahoo Finance Presents: Polling the impact of COVID-19
On this episode of Yahoo Finance Presents, The Harris Poll Chairman Mark Penn joins Yahoo Finance's Editor-in-Chief Andy Serwer for a discussion about COVID-19 and its impact on daily American life.
- Yahoo Finance Video
Yahoo Finance LIVE - Mar 27
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
- Yahoo Finance Video
Yahoo Finance LIVE - Mar 26
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Yahoo Finance VideoConnecticut Governor: Unemployment claims are going through the roof
Connecticut Governor Ned Lamont joins Influencers with Andy Serwer to discuss the role of government amid the COVID-19 pandemic.
- Yahoo Finance Video
Yahoo Finance LIVE - Mar 25
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Yahoo Finance VideoConnecticut Governor Ned Lamont joins Influencers with Andy Serwer
Connecticut Governor Ned Lamont joins Influencers with Andy Serwer to discuss the role of government amid the COVID-19 pandemic.
Yahoo Finance VideoCT Governor: We need federal direction on quarantine
Connecticut Governor Ned Lamont joins Influencers with Andy Serwer to discuss the role of government amid the COVID-19 pandemic.
Yahoo Finance VideoMarkets remain volatile as coronavirus cases escalate
Yahoo Finance’s Jared Blikre joins the On The Move panel to break down how the markets are being impacted by the coronavirus outbreak.
- Yahoo Finance Video
Yahoo Finance LIVE - Mar 24
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
- Yahoo Finance Video
Yahoo Finance LIVE - Mar 23
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Yahoo Finance VideoHere’s what a recovery could like amid the COVID-19 pandemic
Brian Nick, Nuveen Chief Strategist joins Yahoo Finance’s On The Move to break down what economic policy makers are doing to make sure that the markets make a strong recovery.
Yahoo Finance Video'This situation is a bit different' compared to the '08 recession: Expert
Principal Financial Chief Investment Officer Todd Jablonski joins Yahoo Finance’s On The Move panel to discuss why he says "this situation is a bit different" than the 2008 recession.
Yahoo Finance VideoDr. Oz: it's your patriotic duty to not use a mask
Dr. Mehmet Oz, Host of "The Dr. Oz Show", joins Influencers with Andy Serwer to explain the dangers of the coronavirus and offer his expert advice about how to stay safe amid the COVID-19 crisis.
Yahoo Finance VideoDr. Oz: the right things are happening in Washington
Dr. Mehmet Oz, Host of "The Dr. Oz Show", joins Influencers with Andy Serwer to explain the dangers of the coronavirus and offer his expert advice about how to stay safe amid the COVID-19 crisis.
- Yahoo Finance Video
Dr. Mehmet Oz, Host of "The Dr. Oz Show", joins Influencers with Andy Serwer
Dr. Mehmet Oz, Host of "The Dr. Oz Show", joins Influencers with Andy Serwer to explain the dangers of the coronavirus and offer his expert advice about how to stay safe amid the COVID-19 crisis.
Yahoo Finance VideoDr. Mehmet Oz, Host of "The Dr. Oz Show", joins Influencers with Andy Serwer
Dr. Mehmet Oz, Host of "The Dr. Oz Show", joins Influencers with Andy Serwer to explain the dangers of the coronavirus and offer his expert advice about how to stay safe amid the COVID-19 crisis.
Yahoo Finance VideoStocks bounce back after record fall
Stock are poised to bounce back after Thursday's record fall. Tom Essaye and Jared Blikre join Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss today's market action.
