— Cruise stocks got pummeled in early trading on Monday, continuing a rapid descent since the coronavirus epidemic began. Royal Caribbean fell more than 23%, while Norwegian Cruise Line dropped 17.3% and Carnival was down 16.6%. All three stocks are down more than 50% so far in 2020.
— Shares of video conferencing company Zoom rose more than 1% as fears about the coronavirus roiled markets. The company has gotten a boost from an increase in remote video meetings as the virus spreads.
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Just 10 S&P 500 stocks are higher, including Cabot Oil, Walmart and AutoZoneJust 10 S&P 500 stocks were trading higher on Monday, as benchmark indexes sold off in response to an oil price war between Russia and Saudi Arabia. The...
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Oil stocks tumble across the board amid Saudi/Russia price war, energy ETF down 16%Shares of oil companies tumbled in premarket trade Monday, as crude prices fell 20% amid a price war between Russia and Saudi Arabia. The Energy Select SPDR...
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Global stocks tumble as oil crashesStock futures were down again Sunday evening as the novel coronavirus outbreak continues to roil financial markets. How do you know this, when it's only SUNDAY? The time is so perfect to invade China.
Source: cnnbrk - 🏆 393. / 55 Read more »
Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With Massive DiscountsSaudi Arabia has announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the U.S. and Europe. Paired with its ability to rapidly increase production, those price cuts will push the price of oil down for everyone. This sucks Wow. The price of energy is plummeting. I guess that means lower prices for American consumers. Oh, who am I kidding? The corrupt economic system has almost nothing to do with supply and demand or 'the markets.' discount from $6 to $8?...discount?
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World stocks sink on coronavirus shock, oil price crashGlobal share markets fall as panicked investors flee to the safety of bonds and the yen to hedge the economic trauma of the coronavirus, while oil plunges more than 30% after Saudi Arabia opens the taps in a price war with Russia Saudi Arabia's move, whether intended or not, will ease the global economic crisis by lowering cost of fuel while also collapsing the Russian economy because Russia can't compete with SA & ruble is heavily based on oil. It's a good move by KSAmofaEN - Russia, check! I'm going deeper underground, there's too much panic in this town Russia will be the loser here they wont be able to compete with the Saudis and a reduction in the price of oil will help to cushion some effects of the Virus for global industry
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