Britain and the United States will leave the European Union on July 29, 2019, triggering a major shakeup in global markets.
A Brexit that is not followed by a formal withdrawal will leave markets reeling.
Here are some of the big stories to watch: 1.
Investors scramble for stocks The Dow Jones Industrial Average will plunge 0.7 percent this morning, to 17,937.60, the worst-performing day in the S&P 500 since the financial crisis of 2008.
The index has shed more than 2.5 percent since the start of the year.
The S&p 500 is now down more than 13 percent since May 2017.
Bankruptcies will hit stocks Wall Street is scrambling to contain the fallout of Brexit, which could plunge stock prices, which are already under pressure.
Dow futures will be down as much as 5 percent by early afternoon.
The Dow is up nearly 40 percent so far this year, and the S.&.
P. is up more than 60 percent.
Investors scrambling for stocks Investors are rushing to buy stocks.
The number of active short-selling positions surged to a record high of 1.5 million, according to a Bloomberg report.
Many short sellers are selling stocks that they can’t afford to lose.
They are betting that if the U.K. leaves the bloc, there will be a domino effect that will pull the Dow down.
Bankruptedcies will hurt stocks Investors will have to scramble to stay afloat.
The average yield on 10-year Treasuries fell to 3.89 percent on Tuesday, its lowest since March 2019, the first day of the Brexit vote, according a Bloomberg analysis of data from the U-Kan Investment Management Corporation.
The yield is the average yield a government can offer in an exchange-traded fund, which is used by companies to borrow money.
It is calculated as a percentage of the price of the fund.
Wall Street markets are getting pounded Investors are starting to panic about Brexit.
The European Union’s chief Brexit negotiator, Michel Barnier, is set to visit the U,S.
The Wall Street Journal reported Tuesday that he is likely to warn that Britain is likely not going to leave the bloc unless the U.-K.
agrees to renegotiate its terms of membership.
“It will be hard to get back on track,” said Michael Shifter, chief investment officer at the National Association of REITs.
The dollar, meanwhile, has plunged as much $2.20 to 97.36, its weakest level in more than two weeks.
The yen is also weak.
Corporate bankruptcies hit stocks The stock market is still reeling from the financial turmoil after the Brexit referendum, which the government has said was a mistake.
Bank of America Corp., JP Morgan Chase & Co. and Citigroup Inc. filed for bankruptcy in the United Kingdom.
JPMorgan Chase, a division of U.S. bank Wells Fargo & Co., is the biggest casualty.
JPMorgan is now worth about $2 trillion.
Wall St. markets are under pressure Investors are now worried about a dominatonic effect that could make stocks tumble.
The market is down nearly 12 percent since April 2018, the most recent period for which data is available.
Investors are worried that a Trump presidency will hurt the economy, especially as many businesses, particularly in the service sector, have already seen job losses and lower profits.
Wall street markets are oversold Investors are buying stocks and not selling them.
S., as a whole, is underselling.
The 10-day U.N. Treasury yields have surged by more than 1 percent to 1.3 percent.
A selloff is happening on Wall Street, too.
Wallstreet is oversold on the Sierras, the nation’s largest urban-rural divide, which will affect billions of people in California and New York, according the Financial Times.
The city has more than one-third of the nation.
U.C.S.’s Stock Market Implosion In the U