Boeing (BA) shares surged more than 11% at the market close and reached at $105.62 on March 23. The company announced that it would shut down production at its Seattle area factories for at least two weeks.
Netflix (NFLX) stock rose by over 8% following an upgrade to outperform from neutral by Baird Equity Research. The firm said the rise of cord-cutting could be compounded through the coronavirus crisis and provide a bigger boost to Netflix.
Amazon stock has revamped 3.07% at the market close on March 23. In the pre-market, its price is $1,970. The company is set to deliver and pick up at-home test kits which are provided by gates foundation in Seattle.
Hasbro (HAS) shares jumped more than 12% and its CEO Brian Goldner said on CNBC that the company was seeing strong demands for its products. He believes that by April the production will be fully caught up.
Zoom Video Communications is one of the winners in coronavirus time. On Monday, ZM stock skyrocketed by 22.22% to reach $159.56.
The FED’s Jerome Powell and Secretary of Treasury Steven Mnuchin announced insane stock buyout. They want to support the economy to deliver relief to small businesses. They implement a zero rate on repo operations to make sure the bank has short-term funding.
On Monday, the Dow Jones corrected another 3% falling 600 odd points and reaching close to 18,500 levels. Another bill passed by the U.S. lawmakers failed to get the Senate clearance. On the other hand, the Federal Reserve has announced a strong stimulus to support the ailing economy.
The schedule for the iPhone 12 release is fall 2020. However, it may change because of the current situation with the coronavirus outbreak that affects markets. Today, Apple (APPL) stock dropped.
Toilet Paper Calculator websites flourish, while the supply chains barely digest increased demand. Want to calculate how much paper you need for the quarantine? You have a couple of websites for that and a ton of companies ready to provide the stock.
Tesla (TSLA) stock is in the green now. Tesla, GM, and Ford have been given the go-ahead to ramp up the production of ventilators used in the treatment of coronavirus patients.
While Google is working on its COVID-19 website, Alphabet (GOOGL) stock is trading in the red. Now its price is around $1036 per share.
Johnson & Johnson (NYSE: JNJ) stock lost 5.64% on Friday and is 2.33% down today. The company’s CEO Alex Gorsky reassured that the company will have important data by the end of the year to offer a coronavirus vaccine.
Disney (DIS) stock price is falling due to the poor performance of its “Onward” movie. COVID-19 is causing disruptions in the entertainment industry apparently. Meanwhile, Disney+ is launching in Europe.
The fiscal stimulus bill presented by the Trump government failed to receive a key Senate vote and was halted from passing. The Democrats said that the bill did little to help out workers and more to bail out companies.
Oil prices seem to get better after a horrible week. OPEC may resume pumping the markets with fresh oil.