The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
American equities leap at close of trade
On Tuesday, American equities surged after the close because profits in the Healthcare, Technology as well as Consumer Services sectors backed stocks.
The Dow Jones Industrial Average headed north by 2.17%. The S&P 500 index added 2.15%, while the NASDAQ Composite index jumped by 2.89%.
The best performers of the trading session on the Dow Jones Industrial Average included UnitedHealth Group Incorporated that jumped by 4.73% coming up with 272.57. Besides this, Nike Inc managed to acquire 3.32% being worth 77.48. Moreover, Visa Inc gained 3.29% trading at 141.74.
On the contrary, the worst performers were represented by such benchmarks as Verizon Communications Inc – it managed to jump by 0.19% hitting 53.70. Besides this, McDonald’s Corporation managed to leap by 0.24% being worth 164.07. As for Exxon Mobil Corp, it equities added 0.47% trading at 81.20.
The top-notch gainers on the S&P 500 included Adobe Systems Incorporated – they managed to acquire about 9.52% trading at 260.67. Furthermore, Advanced Micro Devices Inc earned 7.31% demonstrating a reading of 28.180. Omnicom Group Inc headed north by 6.99% being worth 74.36.
As for the worst performers, they included WW Grainger Inc that slipped by 1.95% hitting 280.01. Besides this, BlackRock Inc dived by 4.44% being worth 408.00. AutoZone Inc declined by 1.71% trading at 773.51.
On the NASDAQ Composite the top performers were represented by Blink Charging Co that headed north by 62.56% trading at 3.5600. Additionally, Sears Holdings Corporation acquired 29.03% concluding the trading session 0.40. Trevena Inc surged by 26.18% ending up with 1.07.
On the NASDAQ Composite the top losers included Hudson Technologies Inc lost 31.55% being worth 0.842. Flex Pharma Inc declined by 27.37% demonstrating an outcome of 0.69. Liquid Media Group Ltd dipped by about 24.47% showing 3.210.
December delivery gold futures sank by 0.24% hitting $1227.30 a troy ounce.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.