Tag Archives: covid-19

European shares closed higher on Friday after their worst sell-off in history, as the fast spread of the coronavirus pandemic continues to dominate investor sentiment.European shares closed higher on Friday, following Thursday’s slump amid coronavirus. On the data front, German Destatis reported that the inflation in Germany rose 1.7% in February, while investors kept their eye on the developments in Italy, which is the hardest-hit country in Europe with COVID-19 outbreak. The coronavirus has...

Stocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. The Dow Jones Industrial Average jumped 1,238 points, for a gain of 5.8%. The S&P 500 rose 5.2%, while the Nasdaq Composite jumped 5.7%.The Dow Jones Industrial Average index was more than 1,200 points higher at the open on Friday amid market recovery from yesterday’s fall.The Dow Jones jumped 5.32% at the opening bell. Intel Corp (NASDAQ: INTC) was among the best performers, adding 9.16%. The...

The bears who thought that a U.S. market crash was coming have retreated as the markets recover slightly from Thursday’s onslaught. Further interventions by both the U.S. Government and the FED are also coming through.The U.S. market crash that many bears are expecting will most likely not come through. This is because markets are recovering from this week’s massive losses. Sources say that the markets made massive recoveries after yesterday’s losses. The losses reportedly went on throughout...

Inovio stock has been swung significantly in the last 24 hours after rising on news of a new grant and plunging on news of its poor Q4 report.The continuous spread of the coronavirus COVID-19 strain has directly placed a large spotlight on biotech companies and their stock. Because most of them are scrambling to find some treatment or vaccine for the virus, they have seen sharp spikes in value like never before experienced. For Inovio Pharmaceuticals (NASDAQ: INO) stock, several market...

After a terrible market crash on Thursday, Dow futures and a few others, are starting to slowly correct some of the losses they incurred.On average, 2020 has been quite a terrible year for the stock market. Stocks all over the world have been falling quite terribly for a while now, on fears of the coronavirus COVID-19. The outbreak has brought about so much volatility in the market that many analysts are finding it very hard to predict a reasonable trajectory like they normally would....

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.According to the recent report, the Chinese government is not able to hold the coronavirus in the center of Wuhan. A new spike of contaminations shows that the infection continues spreading across the city. In mainland China, the daily...

Robinhood online brokerage app crumbled on March 2 when the Dow Jones gained its most single-day points, leaving investors frustrated unable to take advantage of the market recovery.After the stock markets imploded last week due to the fears of the coronavirus spread, traders were ready on March 2 to cut some of those losses. However, that was not meant to be for all Robinhood investors. Robinhood, the brokerage platform, suffered a prolonged outage and was offline for a whole U.S. trading...

The rapidly spreading coronavirus appears to have pulled down the global traditional investment markets with Bitcoin joining the fall, giving up its hypothetical store of value status. The current BTC price is around $8,600.Everything in every market is currently red. As the coronavirus epidemic continues to spread, the stock markets keep crumbling with bitcoin right behind them in a downward spiral. The S&P 500 and the Dow seemed to enter a correction on February 27, representing a 10%...

Favipiravir has become one of the drugs that the Chinese authorities approved for treating the new COVID-19 strain of the coronavirus.According to a Reuters report, China’s National Health Commission is optimistic about a resolution for the raging coronavirus. The report says that a spokesman for the Commission Mi Feng said that efforts from the authorities are yielding results. The Commission also says that at least 1,425 infected patients have been cured and discharged. As part of these...