[ad_1]
Dow Jones, the New York Stock Exchange, closed last night (May 11) as investors fear that many countries that relax the blockade measures too quickly could cause the Covid-19 virus. However, the S & P500 index and Nasdaq closed in positive territory, driven by the purchase of technology stocks. And the health business group
- The Dow Jones Industrial Average closed at 24,221.99 points, down 109.33 points or -0.45%.
- The S & P500 index closed at 2,930.32 points, an increase of 0.52 points or + 0.02%.
- The Nasdaq index closed at 9,192.34 points, an increase of 71.02 points or + 0.78%.
The Dow Jones Index closed. Amid anxiety that many countries are opening the economy too quickly.Covid-19 virus It re-released the second round because of the report stating that The number of people infected with the Covid-19 virus in China, South Korea and Germany has recovered. After the government announced the loosening of the blockade measures in the country
Japan may announce an emergency cancellation this week. While New Zealand may relax the blockade measures on Thursday. England has proposed plans to open up the economy. And the stores in France returned to service yesterday
While Sandy, chief analyst at Moody’s Anacons, warns that the United States is at risk at Covid-19. We will return to the second serious epidemic because the opening of the economy is too early, causing many people to gather. Also, if the second epidemic occurs, it will greatly worsen the economy in a recession. Especially at this time that there is no vaccine to cure the disease.
However, the anxiety caused investors to sell stocks that are expected to profit by easing the blockade measures. Which includes airline stocks Cruise group and casino business group United Airlines shares fell 5.7 percent, Delta Airline shares fell 3.12 percent, American Airlines shares fell 0.4 percent, Southwest Airlines shares fell 4.05 percent, Jet Blue fell 5.8 percent.
Shares of the cruise and casino groups plummeted last night, Royal Caribbean shares fell 4.5% and Norwegian Jian Cruise Line Holdings shares fell 5.5%. It fell 6.06%, Las Vegas Sands Corp. fell 4.8%
Leading U.S. sportswear and sportswear maker Under Armor fell 9.36 percent after the company revealed a 34-cent / share loss in the first quarter, which was worse than analysts had expected to lose at just 19 pennies / share. Affected by the Covid-19 virus outbreak
Marriott International Shares The global large hotel chain fell 5.58 percent after the company revealed that its first-quarter earnings fell to 26 cents / share, less than analysts expected at 80 cents / share due to lower reserves of government blocking measures to prevent the outbreak of the Covid-19 virus, resulting in up to 1 in 4 of the company’s hotels having to close operations during that period
Chesapeake Energy Corp, a US oil shale company, fell 12.36 percent after the company confirmed that it was considering filing a court decision to declare bankruptcy. Amidst a lot of debt After experiencing an unprecedented drop in oil prices
However, the technology stocks AND the healthy business group recovered which is a factor supporting the S & P500 and the Nasdaq to close in positive territory. Apple shares increased 1.57 percent, Alpha Bet increased 1.4 percent, Facebook increased 0.4 percent, Net Flix increased 1.14 percent, Amazon.com added 1.24 percent, Microsoft shares increased 1.12%, Cisco Systems shares plus 0.77%
Shares in the health sector recovered last night. Pfizer shares rose 2.4%, Gilead Sciences rose 4.27%, Abbott Laboratories increased 2.5%, Merck & Livestock jumped 2%
Investors look closely at the trade situation between the United States and China. After the trade representatives of the United States and China discussed the first phase of the trade agreement, while China claims that both sides agreed to improve the atmosphere to promote the implementation of the agreement.
In addition, investors are still waiting to see economic data for the United States. This week also What includes the Consumer Price Index (CPI) in April, the Producer Price Index (IPP) in April, the number of weekly unemployment claims, retail sales in April, the manufacturing index (Empire State Manufacturing Index) in May from the New York Federal Reserve, industrial production in April, March of trade stocks and consumer confidence in the month. University of Michigan May
