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 Dow Futures dropped 400 points in the early hours of trading on Thursday, and it’s indicating a further drop after the first coronavirus case of unknown origin was reported in the U.S. Northern California. The CDC confirmed it does not have a...
Read More »After Another 3% Daily Bloodbath, The S&P 500 Wiped $2 Trillion In 4 Days: Bitcoin Price Follows In Deep Red
The last few days have been catastrophic for traditional financial markets and pretty damaging to the cryptocurrency field as well. Major global indices are charting tremendous losses while the crypto market cap lost more than $30 billion in the past week.Major Indexes Chart Serious LossesOver the course of just a few days, major global indexes have charted losses that are troublesome, to say the least.Starting off with the S&P 500, it lost 3% yesterday alone and is down 7% in the past...
Read More »Dow Jones Futures Rise Almost 300 Points on Tuesday after Monday’s 2-Year Record Crash
The Dow Jones futures plummeted quite terribly yesterday. However, today, it has gained almost 300 points on its way to recovery.The coronavirus is still a major problem not just health-wise, but for financial markets as well. All of the uncertainty, fear and doubt stemming from the outbreak which started last year, has caused very visible effects on the world’s stock markets. Yesterday, stocks crashed badly, signifying the market’s worst plunge in 2 years. Now, a rise can be observed as the...
Read More »Bitcoin Looking Healthy At $9,800 As Global Markets Tumble Amid Coronavirus Fears
Traditional financial markets are plunging today amid fears of the spreading coronavirus. While indices and stocks tumble across the globe, gold is increasing as investors turn to it as a safe haven. It reached its highest point since 2013. Amid this uncertainty, it’s interesting to see where Bitcoin’s price will go next.Stock Markets PlummetThe coronavirus outbreak continues to expand with almost 79,000 confirmed cases globally. The death toll has risen to over 2,450, and 23 are outside of...
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 »Sony, Facebook to Avoid Game Developers Conference amid Coronavirus Threat
Sony, Facebook pulled out from the yearly computer games development conference due to coronavirus panic. The Dow and Treasuries drop, attracting investors to aim better at their future plans.On Thursday, the corporations have announced that they won’t attend San Francisco. Industry giants don’t want to participate in the Game Developers Conference during virus uncertainty. As per a scheduled conference in Boston called PAX East, it has a refusal from Facebook Inc. (NASDAQ: FB) to feature...
Read More »Davis Selected Advisors Prefers Intel (INTC) Stock to Microsoft (MSFT)
As part of its portfolio reshuffling strategy for 2020, investment giant David Selected Advisors decided to dilute its stake in Microsoft (MSFT) while simultaneously seeing a strong potential and increasing its stake in the Intel (INTC) stock.Since the beginning of 2020, the markets have been soaring massively making fresh highs every week. Earlier this week on Wednesday, both S&P 500 and Nasdaq made their record highs. While the Dow Jones Industrial Average (DJIA) continued to soar a...
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 »S&P 500 and Nasdaq Benefit from Strong U.S. Economy Despite Coronavirus Fears
S&P 500 and Nasdaq reached an all-time high supported by the stability of the U.S. economy and assurances from Chinese authorities to help businesses affected by the coronavirus outbreak.The S&P 500 and Nasdaq rose on Wednesday to trade ATHs after positive comments by the Federal Reserve which encouraged investors. The investors in the stock markets were encouraged by the Chinese authorities who said they will assist the coronavirus stricken business to recover.This is after...
Read More »Elon Musk Unlocks 2nd Mega Earnings Milestone as Tesla Gets Closer to $160B Valuation
Elon Musk has unlocked a new earnings milestone for himself. Though TSLA price today is lower than yesterday, the stock continues its current and somewhat unprecedented surge.As Tesla stock (TSLA) continues to defy gravity, Elon Musk has achieved another earnings milestone. The CEO is now one step closer to reaping the heavy benefits of his earnings deal as agreed by shareholders back in 2018. If things continue this way, Musk could become one of the world’s most powerful CEOs and also one of...
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