Behind that shocking headline of a $6 trillion market depletion lies the fact that simple logic has been playing out. Fears over coronavirus will, obviously enough, lead more people to stay at home while resulting in a dramatic downturn in travel.
By contrast, companies reliant on entertainment content have fared much better amid the corona scare. Video gaming giant Electronic Arts , for example, saw its stock fall by just 6.1% across last week’s five trading days. The biggest audio distribution company on the market, Spotify, also enjoyed a softer landing, falling a light 6.7% from $146.95 to $137.12.showcased a business with a $258 million fiscal-year net profit in 2019.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Weird flex bro.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks rise as investors monitor coronavirus outbreaks, Biden resurgenceGlobal stock markets extend days of volatility after the U.S. Democratic primary shakeup on Super Tuesday, and amid the coronavirus outbreak.
Source: latimes - 🏆 11. / 82 Read more »
European stocks set to open higher after $50 billion IMF pledge to fight virusEuropean stocks are poised to open higher Thursday as markets react positively to a $50 billion pledge from the International Monetary Fund (IMF) to tackle the coronavirus outbreak. Chucking our money at a virus doesn't fix the global debt load. How do I get hold of some of this $50bn?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Extend Drop as Anxiety About Virus Fallout ReturnsMajor stock indexes and bond yields dropped, reflecting continued volatility in markets as investors around the world remain jittery about the economic fallout from the coronavirus outbreak. As concerns about trumps lies and incompetence continue to batter the markets Unfortunately, the stock market is completely manipulated Lucifer the sick devil decides who buys and where when and where, every thought is controlled the stock market is nothing more than a tool of the devil shame not a good god what's behind it but a wrong Plyr The sick man of North America
Source: WSJ - 🏆 98. / 63 Read more »