As major biotech companies try to create a proper coronavirus vaccine, the following stocks just might be strong enough to hedge against the current financial plunge.
After a serious drop that happened last week, Bitcoin price has started to frow again. Meanwhile, BTC hash rate has reached a new ATH.
After a massive bloodbath last week, the markets are showing signs of recovery as indexes turn positive. Dow Futures are surging. But China’s manufacturing Index for February has scored below market expectations.
Stock market and Bitcoin volatility are bad but holding the fiat currency or average altcoin is even worse. Dow, S&;P 500 markets are falling during the fears that coronavirus stops supply chains. Where are investors putting their money power to avoid risk?
Equities on major United States stock markets closed the trading session on Friday mostly lower, ending the worst week since the 2008 financial crisis. The Dow Jones and S&P 500 each dropped 12% and 11% in a week.
While Tesla (TSLA) stock has fallen sharply over the last week, shares are still up 230% over the past six months. At the same time, the sales of Tesla’s vehicles in China are falling.
Gilead Sciences (GILD) stock surged and reached an all-time high after the company confirmed the launching of phase 3 studies of coronavirus treatment.
The global markets have been bleeding for the fourth straight day in a row after the U.S. Health officials warned against a possible coronavirus outbreak. In just four days the S&P 500 has crashed over 10% registering its fastest crash to date. Dow has lost 1000 points.
It has become known over $190 million worth of Bitcoin long and short positions were liquidated on well-known derivatives exchange BitMEX.
Some companies had their stocks in the news recently as prices changed for different reasons. And one of them is the ongoing coronavirus outbreak.
Dow Futures dropped 400 after a report of the first coronavirus case in Northern California, of unknown origin. The drop has come even after Donald Trump gave assurances to the investors that the virus is under control and there is no call for alarm.
The U.S. stock market is suffering from huge losses in its value due to coronavirus fears that have gripped investors.
Bitcoin price smashed the $9,500 support on February 25 after repeated tests and accelerated towards $9,100, marking the second day of losses amidst fears of the coronavirus spreading to more countries.
All three U.S. stock market indices – Dow Jones, S&P 500, and Nasdaq – plunged for the second-straight day, around 3% on Tuesday. Besides traditional stocks, the commodities sector is also under massive selling pressure.
The Dow Jones futures plummeted quite terribly yesterday. However, today, it has gained almost 300 points on its way to recovery.