Following the market
| 30/04/2020 | 01/05/2020 | Change | % change | |
| S & P 500 | $2912.43 | $2830.71 | -81.72 | -2.81% |
| U.S. 6 – month bond yield | 0.11% | 0.12% | 0.0001 | 9.09% |
| U.S. 30-year bond yield | 1.28% | 1.27% | -0.0001 | -0.78% |
| WTI crude | $15.06 | $19.69 | 4.63 | 30.7% |
| Gold | $1695.4 | $1710.2 | 14.8 | 0.87% |
| Currency (EUR-USD) | $1.1 | $1.1 | 0 | 0 |
| Microsoft corporation | $179.21 | $174.57 | -4.64 | -2.59% |
Closing bell report summary
The U.S. markets began the week with a broad decline. The Dow Jones Industrial fell by 2.5%, the Nasdaq Composite by 3.2%, while the S&P 500 declined by 2.8%. The Amazon shares fell by 7.6% while the Apple shares were down by 1.6%. After the bell, the FDA approves the Gilead drug Remdesivir for emergency use in Covid-19 patients. The shares of Gilead were down almost 5% during the day but rose nearly 1.3% in after-hours trading. Shares of Exxon Mobil fell by 7%. Exxon Mobil, which is the largest oil company in the USA, reported its first quarterly loss in three decades. The Coronavirus outbreak has reduced the oil demand by almost 30%. The share of Tesla fell by 10.3% after the tweet by its CEO that the automaker’s share price is too high. Still, Tesla’s shares are up by 70% in the year.
Microsoft news today
This week, CEO Satya Nadella delivered Microsoft’s quarterly earnings report to Wall Street, their first in the era of COVID-19. The CEO reported that -Quoted – “In April, we saw more than 200 million Microsoft Teams meeting participants in a single day, generating more than 4.1 billion meeting minutes. Also, Teams now has more than 75 million daily active users, and two-thirds of them have shared, collaborated, or interacted with files on Teams as well.” Microsoft has seen two years’ worth of digital transformation in two months. From remote teamwork and learning to sales and customer service to critical cloud infrastructure and security, the company (Microsoft) is working alongside customers every day to help them adapt and stay open for business in a world of remote everything.
WSJ what’s News—Top Stories
Former U.S. vice president Joe Biden and the presumptive Democratic presidential nominee for the first time denied the sexual assault allegations against him. Biden called his accusers to file a record of the charges. The House Lawmakers have called the Amazon CEO Jeff Benzos to testify about his company’s in-house product lines. Amazon’s employees were found to use data about independent sellers to develop competing Amazon products. Amazon didn’t comment immediately on the House’s call. In other news, the growing economic crisis triggered by the pandemic is expected to last longer and hit harder in Michigan than in most places. The state deals with the fallout of a severe coronavirus outbreak and ongoing dependence on manufacturing. A WSJ investigation found scores of cruise ships that ferried Covid-19 around the world in the early days of the outbreak. The cruise ship operators continued to fill cruise ships with passengers, endangering those aboard and helping spread Covid-19 to the U.S. and around the globe, a Wall Street Journal investigation found.