Investors bid up shares of U.S. biotech company Gilead Sciences Inc. by more than 20 per cent in hopes that the company may have a vaccine in the works.The coronavirus outbreak has had a serious impact in terms of both the human toll on the health of thousands of people worldwide and the economic effects of quarantines and business closures. That impact has also been felt on global stock markets as major equity indexes have fallen by more than 10 per cent.
, which offers communications software that combines video conferencing, online meetings, chat and mobile collaboration. As businesses have cancelled international travel due to the spread of the coronavirus and cut down on face-to-face meetings, Zoom’s stock has soared, rising some 40 per cent over the past three months.
It’s not just smaller tech companies that have been gaining from coronavirus worries. Some blue chips in traditional industries are also positioned to benefit.is a diversified company with a wide range of products and the largest U.S. supplier of N95 respirator masks used by medical workers to protect against infection from patients who may have the virus.
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Market mood turns sour over virus after temporary reliefMounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. fuuuuuuuuuuuuuuuuuuuck. I’m not even looking at my investments..........until this blows past us and is in recovery mode! The stock market has a life of its own, it is based on fear and greed. Such is the fragile nature of the economic system. Yeshua prophesied this.
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