The U.S. markets show a significant drop on Monday morning due to the coronavirus fears and uncertainty. People rush to sell the coins, experts now expect Bitcoin price to go below 9,000.The Dow index, as well as top stocks, S&P 500 and Bitcoin price, have all started losing as coronavirus is conquering new territories. Even more, value vanishes since the virus reaches Italy: one of the world’s biggest travel and trading mecca. The COVID-19 also visits Iran, South Korea, Bahrain, Kuwait...
Read More »Big Tech Stocks Together Lost $250 Billion on Monday over Rising Concerns of Coronavirus
As part of a massive market crash on Monday, Big Tech companies ended up losing billions-of-dollars of investors’ wealth. Apple is the most-affected Big Tech company from the Coronavirus outbreak as it largely depends on China for its manufacturing.On Monday, financial markets in the U.S. and across the globe plunged heavily on account of rising coronavirus cases outside China. The fall in the broader markets came after South Korea and Italy reported a sudden splurge in coronavirus cases on...
Read More »Plug Power (PLUG) Stock Rose on Friday while Market Was in Red, Could It Be the New Tesla?
Today the price of Plug Power (PLUG) stock is falling. But its recent market performance has shown that it could become the new Tesla.Plug Power Inc. (NASDAQ: PLUG) stock managed to grow on Friday while the whole market was actively losing its value. This has led many investors to consider Plug with its stock to be the new Tesla Inc. (NASDAQ: TSLA). It has also revitalized investors’ hopes in alternative energy as a whole. Sources indicate that the stock has risen by about 20% this month....
Read More »Apple (AAPL) Stock Down More Than 2% as Coronavirus Threatens Tech Bear Market
As Apple feels the heat from the coronavirus, AAPL stock is plunging and it looks like things might get worse for other tech stocks as well.Several companies and stocks in general, are still feeling the unpalatable effects of the coronavirus outbreak. Because of several restrictions placed by Chinese authorities as well as other governments, these businesses are taking a hit. The decline inevitably means that their stocks are also suffering. Apple Inc. (NASDAQ: AAPL) stock has felt this...
Read More »Amazon (AMZN) Stock Is Down, the Company Strives to Reclaim Its Position
Amazon (AMZN) is not the only stock that went down. Because of coronavirus, China will stop providing necessary physical and virtual services to the U.S. As a result, the market reacts with the overall drop in prices.At the beginning of 2020, e-commerce giant Amazon.com Inc (NASDAQ: AMZN) has been showing not a very impressive performance. Such an outcome results from the company’s stock underperforming significant benchmarks over the previous six months. Until mid-January 2020, Amazon could...
Read More »Dow Futures Slide 400 Points as Coronavirus Cases Surge Outside China
Global markets across Europe and Asia have plunged severely on Monday as South Korea and Italy report several new affected cases of the coronavirus on Sunday. Analysts request investors to maintain caution at this stage.At press time, the Dow Jones Industrial Average Futures lost over 400 points to 28,540 levels. At the Monday opening, the stock futures are having a massive bloodbath on Wall Street as the coronavirus cases outside China surge significantly.As the possibility of the global...
Read More »South Korea’s Coronavirus Alert Raised to Highest Level, Asia Stocks Drop by Around 4%
The noise around coronavirus is growing. Stocks in Asia are falling due to this situation and there are no signs of improvements.South Korea’s coronavirus alert level has been raised to its highest levels, it has led to a new drop of stocks in Asia. Sources report that this action occurred as 161 new cases have been reported. Seven deaths have been reported so far.Markets in Japan haven’t reported any data due to holiday closures on Monday. The Korean currency won fell to 1,219.22 per dollar....
Read More »Dow Jones Drops 280 Points Dragging Down Stocks as Coronavirus Fears Rise
Dow drops 280 points, stocks down thanks to coronavirus panic in the U.S. investors pour cash into treasuries and gold. Market analysts predict corporate and personal income fall in the next months. Favipiravir needs tests to cure coronavirus.Chinese people are fighting the virus in a closed source model and many people keep their concerns regarding the coronavirus spreading. The Dow Jones Industrial Average falls, and experts claim that stagnation is coming.COVID-19 is not as deadly as some...
Read More »New Picks: S&P 500 and Nasdaq Hit Records, Dow Is Up Over 100 Points
S&P 500 and Nasdaq Composite, as well as Dow Jones Industrial Average index, have set new records as tech stock has jumped. Some stocks, like Virgin Galactic (SPCE), are also in green.On Wednesday, the major stock market index rose to record highs, which means the largest companies listed on stock exchanges in the United States have shown good stock performance. In particular, tech shares have outperformed all the expectations. Prime examples that demonstrate bullish moods are S&P...
Read More »Tesla (TSLA) Stock Surges as Top Investors Keep Faith with the Company
Tesla (TSLA) stock is moving higher and regularly conquers new peaks despite all the negative expectations. One of the reasons is the fact that top investors believe in it.Amidst rumors of experiencing a fatal collapse in its stock, a technology giant Tesla (NASDAQ: TSLA) proved critics wrong once again that it is still gaining momemtum. Its shares doubled what was initially projected by market analysts. But this record-breaking achievement would have been a pipe dream, if not for the loyalty...
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