Market News
- U.S. stocks were beaten down on Friday by concerns about the fast-spreading coronavirus fears and after data showed that American business activity stalled in February, signalling a contraction for the first time since 2016.
Author: Shueh Ting Wong
CFD Indices – Worries From Covid-19 Send Indices Lower
Market News
- U.S. stocks fell on Thursday, led by declines in technology heavyweights such as Microsoft, Apple and Amazon, after a central Beijing hospital reported 36 new cases, raised worries about a potential increase in infections in the Chinese capital and intensified fears over its spread and impact on the global economy.
CFD Indices – Nasdaq Composite & S&P 500 Created Record High
Market News
- On Wednesday, S&P 500 and Nasdaq Composite rose to record closing highs on hopes that China would take more measures to prop up its economy, easing concerns about the economic impact of the coronavirus epidemic.
CFD Indices – Apple’s Suppliers Pulled Down US Indices.
Market News
- Last night, the world’s most valuable technology firm, Apple, issued a sales warning that would fall short of its recently announced quarterly sales target because of slower iPhone production and weaker demand in China due to the recent coronavirus outbreak.
CFD Indices – Apple’s Statement Likely To Start A Pullback
Market News
- Markets in Wall Street were closed for a holiday last night due to the President’s Day.