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Investam-HK: The Dow met another Epic Crash; Cash Rules

Written by Customer Service on . Posted in Public Companies.

As the Coronavirus pandemic continues to rally fears to all the people around the world, stock markets globally keeps crashing deeper as days passed by.

Three known stocks in the U.S. Market plummeted down, result of how it is very much affected in the economic crash. But among the three, Dow Jones Industrial Average is notably the worst in performing. The Dow Jones is down by nearly 2,000 points just this Wednesday as the U.S. stock market crash is gaining its pace.

 The Dow crashed 1,872.51 points or 8.82% to 19,364.87.
 The S&P 500 fell 7.95% to 2,328.19.
 The Nasdaq dropped 7.23% to 6,804.39.

Cash had been the main resort of all the people around the world who are suffering from economic and health crisis. Most investors already sold off their investments for cash which is what everyone is needed right now. Bulls are even bailing out of bonds as equity and oil prices collapse in tandem.

As for the commodity sector status, crude oil is not exempted to the crash. Crude is currently trading down almost 19% on the day at just $22 per barrel which is $10 short from last week’s trading.

Walmart and Walgreens, on the other hand is gaining around 1.2% and 4% respectively, a result cause by the nationwide panic buying of all the people affected by the coronavirus spread.

Even Gold price is no longer a safe haven for those who want to preserve their investments. Gold price is down around 2% and dove below $1,500.

However, Treasury yields are spiking as investors nervously eye massive stimulus programs which helped send the dollar through the roof. But it is not the same case for all treasury yields, Goldman Sachs and JPMorgan Chase stocks are down by -13% and -14% respectively.

Amidst the economic and health issues spreading negatively like a wild fire, people and the government around the globe are working hand in hand to fight this invincible enemy we are all facing. We are positive that this pandemic crisis will soon be over.

Catch up on the date financial news here and to know more about our services do visit our website or contact us thru email immediately.
For more information, visit: https://investam-hk.com/

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