What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
British shares revive slightly from dip
On Tuesday, British stocks soared, backed by American markets ending their session quite above their worst levels, although market participants appeared to stay away from big bets ahead of a major Brexit step.
The FTSE 100 index UKX increased by 0.3%, hitting 7,317.30, reviving somewhat from Monday’s 0.6% dip, which left the benchmark at its lowest value in almost a month.
The given drop arose amid a global stock sell-off that was blamed on concerns that Donald Trump might have difficulties with implementing business-friendly measures after a Republican overhaul of the health care system failed. However, the S&P 500SPX, closed down by just 2 points, having tumbled by 22 points previously.
With the fight to replace the Affordable Care Act stalled, Donald Trump points out he's going to shift to tax reform.
Meanwhile, on Tuesday, the British pound was trading at $1.2572, moderately higher from $1.2565 late Monday, ahead of a much anticipated step in Britain’s withdrawal from the EU.
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Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
TESLA needs more money
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
Latest news
The assets wrap: the best, the worst, and the most volatile
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
AUD: up for a rise?
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
USD: are American consumers confident enough?
CB Consumer Confidence index will be announced at 17:00 MT time on Tuesday.
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