Bitcoin price surged 16% and crossed $9,200 by now. Market factors include the beginning of the removal of quarantine in the EU and the most powerful emission of the Central Bank of the EU and the Fed.
Following the positive news on the remdesivir trial, Gilead stock rebounded. Yesterday, GILD closed at $83.14 per share or 5.68% up. After hours, it added another 2.29% to trade at $85.04. The price is also rising today in the-premarket trading.
U.S. gross domestic product turned negative for the first time since 2014 in the first three months of the year as the coronavirus pandemic broadened out across the globe and country in March.
Tesla reported Q1 results, including a $16 million profit. A Covid-19 outbreak in China forced the company to suspend manufacturing in Shanghai for more than a week in February, and in the U.S. at the end of March. TSLA stock jumped 9% after hours.
As the airline industry is going through its worst period in the last several decades, all the companies are initiating necessary steps to make their passengers feel safe while traveling again. Meanwhile, American Airlines (AAL) shares are in the green.
General Electric (GE) stock price fell after the release of the company’s Q1 2020 earnings report. The revenue declined by 8%.
Tesla rival Nio hasn’t lowered its annual forecast as a result of the coronavirus. At the time of writing, NIO stock is 12% up.
Barclays reported that its Q1 net profit had plunged 42% year-on-year and it decided to take a credit impairment charge. Meanwhile, BCS stock is up.
Alphabet (GOOG) stock price is rising today after the company has published its earnings report for the first quarter of this year. The results are better than it was expected.
Standard Chartered is currently bullish about its chances for earnings, regardless of the coronavirus pandemic. STAN stock is 5% up now.
The COVID-19 pandemic has put a dent of Facebook’s advertising revenue as businesses turn conservative on their marketing spends. However, analysts are hopeful that Facebook will make a good recovery in the coming months. FB stock is rising now.
Ford (F) stock price fell about 5% at the news of its losses in Q1. Poor earnings results are mostly related to the COVID-19 situation.
Moderna Inc proceeds ahead for the Phase 2 clinical trial of its vaccine to fight with the coronavirus. The company has received a nod from the Food and Drug Administration to proceed ahead with the project. MRNA stock is in the green in the pre-market.
As Tesla (TSLA) stock market value reached a six-month average of $96 billion, it becomes closer to a $100 billion market-cap milestone. This means Elon Musk is in line for a stock-option grant and a vast options payday. TSLA is 2.45% up in the pre-market.
Pfizer (PFE) stock jumped after the company reported an increase in earnings and sales in the first quarter. However, now PFE stock is in the red.