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Although more than 16 million people are out of work in the US due to the coronavirus pandemic, the stock markets have made history yet again, in a good way. Unemployment claims continue to rise week after week with more than 10% of workers in the country laid off, furloughed or terminated. State unemployment systems […]
The stock markets got a bonus boost today when Bernie Sanders officially suspended his presidential campaign.
While financial analysts have been hesitant to say that the markets have hit bottom, Mike Wilson, the chief US equity strategist at Morgan Stanley says the risk-reward factor is better than it has been in years and now is the time to invest.
The COVID-19 pandemic continues to ravage the stock market, with the first quarter closing with some of the steepest downturns in history. The BEACH companies have suffered steep losses in value in the last month.
Reminiscent of the 2008 financial crisis, the market has taken a beating in the first three months of 2020. And if the past is any indication of the future, in the long-term, returns on investments should improve.
Closing Thursday with a 6.38% gain, the Dow is on a roll like butter right now. This marks a 21% surge over the last three days.
On Wednesday, the Dow gained 2.39%, marking its first two-day green streak in 7 weeks. Futures are currently up slightly and experts warn that the market may cool as hopes of a quick passage of a coronavirus relief bill are beginning to evaporate.
On Tuesday, the Dow had its biggest gain in nearly 90 years. The Dow closed up 11% and the S&P was up almost 10% at the close of the day.
The Dow closed at 19,898.92, marking a 3-year low and nearly wiping out all of the gains made during Trump’s presidency. At the same time, the number of cases of COVID-19 has crossed 200,000 worldwide.
As coronavirus spreads and all non-essential events and activities grind to a halt, almost every stock listed on U.S. exchanges has dropped. However, some stocks are seeing amazing growth during the pandemic.
Coronavirus and the fear of pandemics that may come in the future all lend a hand to the rise of telemedicine. This field is poised for massive growth and definitely on the radar of serious investors.
Late today, Starbucks announced seeing signs of “early recovery” in China despite coronavirus fears and current dire restrictions put on citizens. Despite a 13% year-to-date drop in its stock and a 4.4% drop today, Starbucks says its sales in the US are strong. This is good news since Starbucks has made 65% of its revenue […]
