Following the market
13/04/2020 | 14/04/2020 | Change | % change | |
S & P 500 | $2761.63 | $2846.06 | 84.43 | 3.06% |
U.S. 6 – month bond yield | 0.27% | 0.24% | -0.0003 | -11.1% |
U.S. 30-year bond yield | 1.39% | 1.41% | 0.0002 | 1.44% |
WTI crude | $22.92 | $20.86 | -2.06 | -8.99% |
Gold | $1769.4 | $1751.30 | -18.1 | -1.02% |
Currency (EUR-USD) | $1.1 | $1.1 | 0 | 0 |
Microsoft corporation | $165.51 | $173.70 | 8.19 | 4.95% |
Closing bell report summary
Stocks surged on Tuesday as investors look ahead to the eventual reopening of the economy. The Dow Jones jumped 558 points; the Nasdaq Composite gained 323 points while the S&P 500 gained 84 points. Stocks are regaining strength following the slowing down of the coronavirus pandemic in large hit areas. Big banks’ earnings reports indicate coronavirus is taking a toll on their balance sheets. JP Morgan, Chase, and Wells Fargo reported a decline in their first-quarter profits. However, Johnson & Johnson, cruise-line companies were among the big gainers in Tuesday’s session.
Microsoft news today
The Microsoft partner community is a powerful ecosystem. For decades, it has been and continues to be at the center of how we bring technologies and business transformation to customers in markets around the world. Today, Microsoft partners are playing a critical role in helping companies everywhere adjust to a new way of working. The remote-work, business continuity solutions, and services they’re delivering during this global pandemic will be the foundation of workplace productivity moving forward.
WSJ what’s News — Top stories today
The coronavirus pandemic has wreaked havoc in the world economies. According to the IMF, the global economy is almost turning to a recession. The economy which is expected to contract by about 3% is however expected to rebound next year. While other companies are laying down their employees, Amazon is one of the few places that has been hiring in a major in the last week. Amazon has hired over 100,000 warehouse employees and plans to hire 75,000 more to fulfill orders following the lockdown. To fight the coronavirus, pharmaceutical drug makers Sanofi SA and GlaxoSmithKline PLC are joining forces to develop a coronavirus vaccine in a collaboration that—if successful—could pump out hundreds of millions of doses by the second half of 2021. In his coronavirus briefing on Friday last week, President Trump declared that he has the authority to reopen the American economy. Governors across the U.S. asserted their authority to reopen their states’ economies, outlining plans to roll back emergency orders slowly, and President Trump appeared to tone down his previous comments about being the final decision maker on reopening the country.