While the Dow Jones futures can’t be said to be in full health at the moment, it jumped 300 points today, possibly keeping faith in the market alive.
Microsoft (MSFT) shares added about 0.22% on Monday to trade above $165 and another 1.50 % today in the pre-market. Amid the ongoing coronavirus panic in the stock market, Microsoft shares remain a safe place to put your money into.
Tesla (TSLA) stock is in the green while a number of fundamental factors might be affecting its rise, including the expansion of the industry in Shanghai.
Retail customers have been buying more stocks for essential items amidst the rise in coronavirus spread as several cities have announced lockdown. Giants like Amazon are hiring more employees. AMZN stock price is rising.
Netflix (NFLX) stock jumped 7% on Monday and hit a 52-week high price of $400.51 per share. NFLX closed at $396.72 yesterday.
The broader markets continue to remain volatile with more COVID-19 cases reported in the U.S. Though the Dow Jones started the week in the red, tech companies, like Tesla, Amazon, Netflix, continue to surge further.
Tesla Model 3 cabin camera use has finally been confirmed by Elon Musk. It brings further functionality to Model 3 which is one of the most successful electric vehicle models ever. Meanwhile, TSLA stock is up in the pre-market.
With the coronavirus pandemic in full swing, gauging its impact on the economy is pointless at the moment. However, Apple will sail through the ongoing crisis, an analyst says, predicting a “bright future” for the tech giant. Year-to-date, AAPL stock lost 8%.
Apple shares started this year at a $300 mark and went up. In February, Apple (AAPL) stock saw an all-time high closing price of $327.20. But in March, sales of iPhones dropped as much as 56%, reaching the lowest mark of $224.37 on March 23.
Starting on April 19, Disney will furlough 43,000 Disney World workers. They will still be eligible for their medical, dental, vision, and life insurance benefits. DIS stock is in the green.
Tesla started to furlough its sales and delivery workforce. It happened a few days after the company announced salary cuts and reductions due to the COVID-19 pandemic.
Amazon (AMZN) stock has been experiencing a surge after the company announced that it is suspending its third-party delivery service due to an increase in demand from its customers. UPS and FedEx shares rallied on the announcement as they will become the alternatives.
Bank of America (BAC) Stock price is rising again, as well as the stocks of many U.S. banks. We may be observing a new uptrend as the financial giant’s fundamentals are sound.
America’s electric-car automobile giant Tesla manages to beat the market meltdown making higher sales in March in comparison to February. The company is also preparing itself for any economic downturn ahead.
According to some estimates, the oil industry owes at least $200 billion to lenders, with the loans backed by oil and gas reserves. Many companies will not be able to pay off. Therefore, banks will manage their assets until the situation improves.