After Monday’s market crash, President Donald Trump assured some fiscal stimulus measures with possible tax relief for the year 2020. Tuesday’s market recovery was most likely in the hopes of this announcement.
As the markets have started to recover after the recent fall, Bitcoin price has finally managed to go beyond the level of $8,000 today.
Markets in the Asia Pacific began to recover Tuesday and Dow Jones futures jumped more than 800 points a day after novel coronavirus fears and an oil price war sparked a worldwide panic.
As per Cramer’s analysis, the coronavirus outbreak has just accelerated the “work from home economy” and this could potentially benefit e-commerce giant Amazon (AMZN) in the long run.
While some stocks are seriously falling being affected by the current events in the world, Berkshire Hathaway stock may be the biggest winner.
Global markets were in a massive state of turmoil on Monday as major indices, including Dow Jones and S&P 500, collapsed over 7% triggering circuit breakers and suspending trading on Wall Street for 15 minutes.
Calling the coronavirus pandemic as an “unprecedented moment”, Apple boss Tim Cook asked employees to work remotely. The virus outbreak has sent tremors all across Wall Street. Trading on U.S. exchange closed for 15 minutes on Monday market opening.
Oil market prices plunged when OPEC and its allies failed to reach an agreement on production cuts. All the markets, including stocks, currencies and cryptos are falling.
During the meeting in Vienna on Friday, Russia, Saudi Arabia and other OPEC participants were talking about the oil price and possible decrease of supply. Bitcoin price is down.
The Dow Jones Futures dropped Monday morning. This comes are investors are bracing for more bad news about COVID-19.
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 COVID-19 spread continues to cast a larger shadow on the global markets as volatility seeps in. Analysts say that corrective measures by the Fed are doing little to control the market fall. Dow seriously dropped on Thursday.
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.
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.
Veteran analysts from Wall Street warn investors that we are at the brink of the next economic recession and it could be possibly worse than the 2008 financial crisis.