Global Markets tumble as Corona Virus cases surge

Opening Bell at the NYSE    US markets tried to bounce back after a massive losing day yesterday where the Dow dropped 1032 points in a single trading day. Experts say that Corona virus is the reason behind the nervous Wall Street along with the rise of Bernie Sanders who is not viewed quite positively by the Wall Street. Today, markets started with a sigh of improvement but analysis said the start is really poor given the fact that markets would have tried to bounce back strongly after a big loss. After the loss US President Donald Trump tweeted "S tock Market starting to look very good to me!". Big news on the day is the news about a possible merger between HP and XEROX. Stock markets remain highly affected and a short term bearish movement is clearly visible. Major indicators have started to drop again after Spain confirms it's first Corona virus case. A Look at the Nepalese Capital Market While all major Global stock markets are declining, Nepal's o...

STOCKS SELLING OFF Opening Bell at the NYSE Dow down 3%🔻 Nasdaq down 3% 🔻 Gold up 2%⬆️ Oil down 4%🔻 US markets open with the stock markets plummeting more than 3%. Dow Jones Industrial Average and NASDAQ fell more than 3% as investors fear that the surging cases of Corona virus throughout the globe could lead to global economic downfall. Similarly, WTI Crude Oil lose more than 4% with the fears of less economic activities. As a result Investors go with the so called safe haven i.e. GOLD. The popular gold index of NYSE HUI Gold Index gained more than 2 % . Global Markets looking highly volatile as the cases surge. Looking forward for the full trading day of the NYSE !