Why is The Stock Market Up 700 Points

As of Friday, April 12, The Dow Jones was up 700 points, which is about 2.99%. With Exxon Mobil Corporation (XOM) up over 10%. But why is the stock market up, when unemployment is hitting record highs and many states are in a state of emergency. 
US30 Quotes by TradingView

Is a Cure Found? 

University of Chicago Medicine analyst saw “Very fast recoveries” in 125 patients suffering from COVID-19 who were taking Gilead Sciences Inc.’s GILD, +9.73% experimental drug redeliver as part of a clinical trial, according to a Thursday night report. This made Gilead Sciences Inc rose almost 9%.
I think that this made Wall Street think that a cure was close and that any good news with a cure or medicine would make any investor less worried. Also, this would make normal people think that the crash was coming to an end and these low prices are a good buy. 
Over 22 million Americans have lost their job due to COVID-19, moving it from 3.5% to around 15%. 


Companies to Watch 

Gilead Sciences Inc.’s (GILD)
Apple (AAPL)
Procter & Gamble Co (PG)


PG, AAPL and GILD Quotes by TradingView

Comments

Post a Comment

Popular posts from this blog

Top E-COMMERCE STOCKS to BUY 2020

Image
Now in today's episode we are going to be looking at the top e-commerce stocks to buy in 2020. Any questions let me know! Now all these e-commerce stocks are going to be growth stocks. Oh, this means these stocks carry more risk than ETFs and blue chip stocks. In my opinion I think it's smart to have a nice solid base of ETFs or bonds to act as your defense in your stock portfolio before investing into some e-commerce stocks Best Stock Market Course: https://bit.ly/carterfarrschool What is E-Commerce? E-commerce is the activity of electronically buying or selling of products on online services or over the Internet. Top E-Commerce Stocks to Buy Amazon (AMZN) Shopify (SHOP) Alibaba Group (BABA) Chewy.com (CHWY) PayPal (PYPL) Walmart (WMT) All of these Ecommerce stocks have a ton of long-term potential. These are some of the top e-commerce stocks to keep on watch in 2020 .
Read more

How to Start Investing in Stocks?

Image
Why Should You Invest? In order to build your wealth, you need to invest your money. Investing in the stock market lets you build wealth without working, your money will work for you, instead of working for your money. Do you have to invest in stocks to make money? No, there are hundreds of different investments like real estate, art, baseball cards, and bitcoin (for some people). Why Stocks? The main reason why I  invest in stocks is that its very easy for beginners. You could download and sign-up with Robinhood and start buying stock the same day! Also if you invest in a low-cost index fund, on average you will profit 8-12% per year. The last reason is that everyone has the same opportunities to make money. Dow Jones 100 Year Chart How to Start Investing 1) Invest in Education Now I believe that before you open your brokers account you should invest in education. This could be anything from reading books, reading articles, buying a course, watching YouTube videos, a
Read more