News Formal

Investors look for buys as virus fears crush travel stocks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Wall Street will be on the lookout for any further drop in record-low bond yields as investors fret more economic damage from the coronavirus

), a bet that these carriers have better prospects of surviving a travel slowdown because they are more often used for regional and domestic trips.

The International Air Transport Association said Thursday that the coronavirus outbreak could slash up to $113 billion in airline revenues this year, an estimate more than 3 times greater than its projections from two weeks ago.Budget carrier Southwest Co , meanwhile, predicted up to a $300 million hit from first-quarter revenues.

Bond yields plunged and U.S. stock futures were down sharply on Friday morning as heightened fears about the economic damage from the coronavirus epidemic drove investors to perceived safe havens such as Treasuries and gold. He’s far less optimistic on a rebound in shares of cruise companies, some of which have dropped by 50% or more since the start of the year.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

As soon as MSM stops creating panic , they are the ones blowing this entire story way out of proportion.

TrumpEconomy

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Virus fears grip markets again; stocks and bond yields slideNEW YORK (AP) — Fear dominated financial markets again on Thursday, and stocks fell sharply on worries about the fast-spreading virus outbreak. It's the latest shudder in Wall Street's wildest... Should I buy a house now yes or no Nothing Worse than a trump and a Coronavirus Mix Coronavirus Coronavirusnyc StockMarketCrash2020
Källa: AP - 🏆 728. / 51 Läs mer »

Wall Street plunges as coronavirus slams bank, travel stocksWall Street falls more than 3% amid uncertainty of coronavirus and its economic fallout; shares of banks and travel companies pummeled TrumpSlump $APDN NEWS unseen! TINIEST FLOAT of all coronavirus stocks all other CV stocks have broken 52 week highs $APDN needs to run almost 1000% to hit its 52weekhigh of $37! News not pr'ed it's on their Twitter account this is why it hasn't taken off YET. Watch her break out AFTERHOURS Creation of crisis by the elite.
Källa: Reuters - 🏆 2. / 97 Läs mer »