. "While it is still admittedly difficult to gauge the fundamental impact Apple may realize from the COVID-19 outbreak, at current levels we think shares offer a compelling risk / reward for long-term patient investors," analyst Aaron Rakers said. Shares of the tech giant are down 24% from the all-time high level.7:35 am: U.S.
U.S. stock futures are pointing to massive gains at the open, with the Dow set to rally nearly 1,000 points. The S&P and Nasdaq-100 are also set to open solidly in the green. A little more than two hours before the opening bell the "limit up" levels were reached after S&P futures jumped 5%. This is when trading is suspended at certain extreme price levels, and it acts as a protective measure during times of extreme volatility.
Friday's surge follows the worst day for stocks since the Oct. 1987 crash known as Black Monday. The Dow fell 9.99% and posted its largest single-day point decline on record. The S&P 500 also posted its worst day since Black Monday, and is now in bear market territory.
Another recession.
If it bleeds it leads.
Why does CNBC keep having this guy on?
No. Recent panic has reset expectations. After a full recovery, upside surprises may lift share prices and investor confidence.
Insurmountabl1 We know it’s true because you tell us😆🤦♂️
Nobody really knows what the situation will look like in two weeks. It could be back to business as usual. Nobody knows because nobody can predict the future. 🤷♀️
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