Stocks rise, led by healthcare firms; oil falls below $20 a barrel

U.S. stocks rose Monday morning, though markets were tentative around the world amid uncertainty about whether global authorities can do enough to nurse the economy through the coronavirus pandemic.

Some of Monday’s sharpest action was in the oil market, where benchmark U.S. crude fell more than 5% and dropped below $20 a barrel for the first time since early 2002. Oil started the year above $60, and prices have plunged on expectations that a weakened global economy will burn less fuel. The world is awash in oil, meanwhile, as producers continue to pull more of it out of the ground.

Most voices on Wall Street are telling investors to prepare for more losses, but the possibility of a new bull market emerging has the first green shoots of optimism appearing.Last week, Congress passed a $2-trillion rescue package for the economy, and the Federal Reserve promised to buy as many Treasurys as it takes to get lending markets working smoothly. Forced selling by investors looking to raise cash may also be easing, and Morgan Stanley strategists said the worst may be behind us.

'Healthcare firms' my ass. This bloated mess of a healthcare system is about to be exposed for what it truly is...a pigs trough. It's about to crash and burn, and i say good riddance. We need to catch up with the rest of the world and build something better.

o I just had to share this with everyone. In the middle of all that is happening I just got a letter from my health insurance carrier TRINET that they are raising my premium by 50.00 a month!! Talk about pricegauging ! raising the price of health insurance when it's most needed

Oil drops but Exxon (XOM) is up. Nice long term hold.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 reasons one Wall Street firm says to stick with cloud stocks amid the coronavirus-induced market rout | Markets InsiderDaniel Ives of Wedbush wrote in a Monday note that cloud stocks such as Amazon and Microsoft are poised to benefit from the coronavirus pand...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ackman says Pershing Square no longer has hedges on stocksWilliam Ackman's Pershing Square Capital Management no longer has hedges on its stock portfolio, but still has some cash to invest if equities decline further as the United States battles the coronavirus outbreak, the billionaire investor said on Saturday. Bare. Naked. Puts. Bullshit. Reassuring! No one should provide him a platform for apocalyptic predictions without full disclosure of his heavily shorted positions. His rant was shameful and should be considered market manipulation. Unethical at best and maybe worse? CNBC CNBC
Source: Reuters - 🏆 2. / 97 Read more »

25 Tech Stocks for a Post-Coronavirus WorldThe coronavirus selloff is creating opportunities across the tech landscape. We asked five experts for their top picks. I'm canceling Netflix and Hulu to save money because Covid_19 This is our future folks. Why do you post a story that requires you to either pay a subscription or give you my personal information? Twitter Jack should change that and keep the information flow going in these desperate times. coronavirus marketwatch twitter clickbait $twtr
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves in the premarket: J&J, Sanofi, Regeneron, La-Z-Boy, Apple & moreThe stocks making the biggest moves in premarket trading include J&J, Sanofi, Regeneron, La-Z-Boy, Apple, and more.
Source: CNBC - 🏆 12. / 72 Read more »