Global markets were in a massive state of turmoil on Monday as major indices, including Dow Jones and S&P 500, collapsed over 7% triggering circuit breakers and suspending trading on Wall Street for 15 minutes.
Shares of Tesla (TSLA) were down 12.01% at the opening today as the oil price war between OPEC and Russia alongside deepening coronavirus anxiety in the U.S. rattled investors.
Calling the coronavirus pandemic as an “unprecedented moment”, Apple boss Tim Cook asked employees to work remotely. The virus outbreak has sent tremors all across Wall Street. Trading on U.S. exchange closed for 15 minutes on Monday market opening.
Dow Jones has lost over 1,880 points due to a row of factors including Saudi’s oil price slash as well as the coronavirus that is quickly spreading. More bleeding is expected.
James Anderson, a major investor in Tesla Inc. said the company is better run after independent directors were appointed to supervise Elon Musk. But today TSLA stock is in red.
With 95% of Facebook (FB) revenue generated through the ad system, the coronavirus has negatively affected the FB stock value. Facebook is, in turn, trying to preserve its reputation by free WHO service.
At the moment, Inovio (INO) is probably the best performing stock among the biotech companies, with over 300% gains. Let’s take a look at the reasons why this is so.
Looking for the next stock in the market which can ensure a better retirement for you? Ignore Tesla (TSLA) stock at your own risk!
European stocks fell sharply on Friday. On Wall Street, equities sank as well with the Dow Jones industrial average falling by 250 points. The coronavirus is spreading.
It seems that Tesla CEO Elon Musk is not afraid of the coronavirus and is not going to panic while other giant tech companies are advising their employees to work remotely.
Facebook (FB) stock has negatively reacted to the current situation in the U.S. caused by the coronavirus outbreak and all the related risks.
Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association. The airline stocks have been also seriously hit.
INX IPO will launch soon in New York, security exchange from Gibraltar is planning to change the industry with fully regulated trades. The exchange will feature extended compliance and two separate trading layers – for crypto and for classic securities.
Amazon, Facebook, Google and Microsoft are all encouraging employees in the Seattle area to work from home due to concerns about the coronavirus as the outbreak in Washington grows.
JPMorgan (JPM) stock has lost nearly 5% of its weight as news that the company’s CEO will be away after his emergency surgery makes the rounds. In the premarket, the stock is 3.48% down.