European stocks fell sharply on Friday. On Wall Street, equities sank as well with the Dow Jones industrial average falling by 250 points. The coronavirus is spreading.
The Reserve Bank of India is unhappy with the Supreme Court’s ruling in favor of crypto services and is looking to file for a review petition.
Amazon, Facebook, Google and Microsoft are all encouraging employees in the Seattle area to work from home due to concerns about the coronavirus as the outbreak in Washington grows.
The Bitcoin price is rising steadily again and has crossed $9k. BTC halving is getting closer and closer with less than 10,000 blocks away.
Dow is set to drop nearly 600 points as coronavirus fears spread across Wall Street and the California state. Wuhan’s report claims a 36-year man died at home after he was cured of coronavirus at the hospital. Wuhan still has trouble with virus elimination.
Inovio(INO) stock is enjoying the rally as it put on almost 8% weight days after it announced that it will be speeding up plans for its coronavirus (COVID-19) vaccine.
Tesla Model 3 cars underperformed customers’ expectations. According to buyers, the hardware in Model 3 vehicles was the 2.5 version as opposed to the 3.0 version the company promised. Tesla (TSLA) stock was up on Wednesday.
Dow Jones surges 1000 points for the second time in three days as markets cheer Joe Biden’s win North Carolina, Texas and Arkansas. The S&P health care sector surged 5.8%, the best single-day performance since 2008.
Bitcoin halving is one of the major reasons for volatility increase before May 2020. Miners increased their effors in mining Bitcoin. But during a coronavirus attack, it may be difficult to resist the temptation and sell coins to buy masks and disinfectors.
At 7.30 p.m. EST, the U.S. stock market indexes were up, and futures started soaring. By the moment of writing, Dow futures have already gained around 400 points.
Inovio plans to start a clinical trial of its coronavirus vaccine in the U.S. next month with the thought to expand to China and South Korea shortly thereafter.
The market bounce at the beginning of the week was partly driven by expectations that the Federal Reserve would step in to mitigate the coronavirus impact by cutting the key interest rates.
Despite the massively weakening demand in the European market, the TSLA stock surged 11% on Monday beating down the bears. Reportedly Tesla is focusing on strengthening its position in the North American market.
Bitcoin (BTC) price rebounds after central banks of several countries announced their support to markets and promised to provide the help needed to protect the global economy.
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.