The coronavirus has killed around 2% of the world’s population


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A new strain of coronavirus, possibly resistant to vaccines, was discovered ahead of a short trading session on the New York Stock Exchange, which caused futures contracts on major stock indexes in the United States to fall on Friday. The travel, banking and commodities sectors suffered the brunt of these losses.

The coronavirus has killed around 2% of the world’s population

Following the discovery of Ebola in South Africa on Monday morning, stocks of major aircraft carriers fell 5-6% in pre-market trade. Many countries have announced an increase in border controls due to this event, including the European Union and the United Kingdom. In 2003, South Africa became the first place in the world to discover Ebola.

Carnival Corporation and Royal Caribbean Cruises stock prices have fallen almost 9% in the past year. According to statistics from the New York Stock Exchange, traders recently reduced their bets on interest rate hikes, causing the stock prices of Bank of America, JPMorgan Chase, Citigroup and Wells Fargo to fall 3-4%. Goldman Sachs and Morgan Stanley. Investors expect the Federal Reserve to hike interest rates several times next year due to higher than expected inflation in the United States and expectations that Jerome Powell will be the more hawkish choice for the chairmanship of the Fed. As a result, the stock markets in the United States fell from their record highs this week.

A senior analyst at Swissquote, IpekOzkardeskaya, said the stock market was unsure if it could withstand another economic crisis without help from the central bank. Moreover, central banks have a double battle: inflation is rising, while the news of COVID becomes more and more worrying. They cannot use the same tools to fight inflation and a faltering global economy right now. As a result, it will not be easy to choose from the available possibilities. According to a Bloomberg report, since September 20, the CBOE volatility index hit its highest level since the start of the year.

Since June 2020, the Russell 2000 Small Cap Index had its worst day since 5:45 a.m. ET in the domestic-focused index futures market. After the announcement, S&P 500 futures fell 823 points, or 2.3%, while Dow futures fell 87.5 points, or 1.86%. According to ETF E-mini Nasdaq 100, market performance has improved from last year’s COVID-19 lockdown, which was down 196.5 points, or 1.2%. According to Bloomberg, Netflix Inc, Peloton Interactive and Zoom Video Communications saw their stock prices climb between 1% and 9% during COVID-19 lockdowns last year.

Exxon Mobil Corp and Chevron Corp saw their stock values ​​drop 6% and 5% due to the drop in the price of oil. The stock prices of many vaccine companies, including Pfizer Inc., BioNTech SE and Moderna Inc. jumped 5% to 7% in a promising indicator. Markets are expected to close at 1 p.m. ET Friday due to a short trading day and the fact that the markets are closed on Thanksgiving Day.

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