Financial markets had the worst day in the last 30 years
The coronavirus has led to a giant drop in the global stock market, wiping out trillions of dollars in market value. Regulators are trying desperately to control this dip as businesses are being forced to slow down. The outbreak has only gotten worse as time has gone on and it doesn't look like it will get better for some time.
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Apple lost $180 billion in market value in just one day
This year Apple became the first American company to reach a market cap of $2 trillion. Yesterday, Apple captured another record, this time for its falling share price which amounted to the biggest market cap drop for a U.S. listed company ever. The stock lost over $179.92 billion in market value. That drop is larger than the individual market caps of 470 of the S&P's 500 companies.
apple market cap sandp500
FoxNews
Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
pakistan market stock exchange asia
AA
Dow Jones Jumps 200 Points, Helped By Bullish Gain For Apple Stock; Nvidia, AMD Lead Nasdaq 100
The stock market today strengthened in afternoon trading, with the Nasdaq composite and S&P 500 poised for their fourth straight weekly gain. Top gainers in the Dow Jones Industrial Average on Friday included Apple (AAPL), which is scheduled to split its stock 4-for-1 at the end of the month. Both Apple and Tesla are far extended past proper buy points, where buying now is fraught with risk.
nasdaq market jumps
Investors
Japan’s economy shrinks at record rate, slammed by pandemic
Japanese media reported the latest drop was the worst since World War II. For the April-June period, Japan’s exports dropped at a whopping annual rate of 56%, while private consumption dipped at an annual rate of nearly 29%.
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Politico