European stocks have crashed after U.S. President Donald Trump imposed a ban on travel from several countries in Europe. Travel volume has also plunged.
Dow futures drop 1100 points because Donald Trump didn’t manage to convince investors that coronavirus is not as dangerous as they feel. Market goes red again.
Boeing seems to be fragile at the moment, a great number of 737 Max orders are canceled. BA stock is falling.
Despite a fall of Tesla (TSLA) stock by 1.72% on Wednesday and by 7.88% in the premarket today, the company is now ranked highest-valued U.S. industrial company after overtaking Boeing.
Through the state-owned company Aramco, Saudi Arabia plans to raise its oil production from 12 million BPD to 13 million BPD. The sell-off was as a result of the production disagreement with non-OPEC member Russia.
WHO presses the red-alert button declaring the COVID-19 as a global pandemic. The WHO director showed disappointment in the ineffectiveness of the global leaders to deal with this situation. Global markets are entering a bear period. Dow Jones has lost 1400 points.
Gilead Sciences (GILD) stock price has moved up at the news that its drug remdesivir is used to treat coronavirus patients on ‘compassionate’ grounds.
The Dow Jones opened with a fall amid the coronavirus outbreak. The Saudi Arabian and Russians continue with their supremacy battle on the crude oil price.
As the third Bitcoin halving event approaches, interest among investors seems to dwindle as BTC followed the price action of the traditional markets failing to act as a haven asset.
Novavax (NVAX) stock jumped again yesterday after it received a $4 million award to be pumped into developing a vaccine for COVID-19. However, today it is falling.
The Bank of England cuts interest rates by half. The country’s Health Minister Nadine Dorries tested positive for coronavirus.
The coronavirus is negatively influencing the markets. Though Apple (AAPL) stock was moving up yesterday, today it is falling again.
Google (GOOGL) stock rose 4.88% on Tuesday as the company is expanding work from home recommendation to all North American employees and established ‘COVID-19 fund’
Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.
The U.S. Treasury yields increase volatility caused by coronavirus panic as the number of confirmed cases in the country is growing.