Let’s take a look at both Visa and Mastercard to see how they’re doing amid the coronavirus pandemic. Today both V and MA stocks are in red.
Several states in America have reported recent spikes in COVID-19 cases as measures are eased throughout the country. The market has reacted with a drop.
Though at the moment Bitcoin price is far away from its all-time high, some analysts expect a bull run in the near future.
Dow Jones futures turned positive today morning after crashing 7% on Thursday on the report of rising COVID-19 cases. Analysts are weighing the impact of the economic reopening of the market.
The biggest debt jump comes from the side of businesses. It increased by 18.8%. Meanwhile, the U.S. federal government debt is up 14.3%.
Yesterday for the second time in June 2020 Bitcoin price collapsed 10%. The drop coincided with the significant crash of the Dow Jones index.
According to the Federal Reserve, the U.S. economy faces “considerable risks” over the medium term. The Fed promised to maintain a near-zero level of interest rates and keep buying bonds.
Following the decision of the Federal Reserve not to change the interest rate, Dow Jones and S&P 500 experienced consecutive losses. Other market indicators got a boost to show different market response.
American mutual fund manager and investor Ronald Stephen Baron believes there is more room for Tesla shares to rise in the next few years. Today TSLA stock price has hit $1,000.
The Nasdaq index managed to break the 10,000 barrier for the first time ever. This historic record became possible thanks to the increase in the shares of big tech companies.
Nasdaq Composite became the first of the big three indexes to bounce back to a record high. On Monday, it rose to 9,924.75, closing at the highest since February 19 when it ended at 9,817.18.
In May 2020, Tesla’s sales in China jumped back to over 11,000 Model 3 cars which made TSLA stock price skyrocket. Analysts are hopeful and optimistic that Tesla will show a strong performance in the Chinese market over the next 12 months.
It has become known that OPEC and allied nations agreed to prolong an oil production cut of around 10 million barrels per day through the end of July.
If combined, AstraZeneca and Gilead Sciences would have a market capitalization of about $237 billion, exceeding Merck & Co and Pfizer worth $207 billion and $200 billion respectively.
The U.S. markets seem to be recovering these days. The Nasdaq Composite managed to reach a new record high today.