日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Stocks stumble as oil prices plummet

By SCOTT REEVES in New York | chinadaily.com.cn | Updated: 2020-04-21 10:47
Share
Share - WeChat
A man with a face mask is seen at a gas station in New York, on April 20, 2020. [Photo/Xinhua]

The price decline is good news for drivers pulling up to the pump for a fill-up, but bad news for hydraulic frackers who need higher crude oil prices of about $30 to $40 a barrel to operate profitably.

The Chicago Board Options Exchange's Volatility Index rose 14.89 percent from its previous close. The forward-looking “fear index” gauges the stock market’s expectation of volatility in the next 30 days. It’s derived from the S&P 500 options.

On Friday, the Dow closed up 704.81 points, the S&P gained 75.01 points, and the Nasdaq Composite climbed 117.78 points.

The S&P 500, a broader index than the 30-stock Dow, dropped 34 percent between Feb 19 and March 23, as the economy largely shut down amid the coronavirus pandemic. It has regained about 28 percent, but some investors question the strength of the rally and have shorted cruise lines, hotels, resort and technology stocks.

Despite recent gains, short-sellers believe some sectors of the market will fall.

A short-seller bets that the price of a stock will decline. The short-seller borrows shares for a specified period and sells them to others willing to pay the current price.

If the shares fall, the short-seller buys them back at the lower price and returns them to the owner, typically a broker, and pockets the profit. But if the shares rise, the short-seller takes a loss.

Some hotels have closed during the outbreak, and the US Centers for Disease Control and Prevention has prohibited cruises into July, making the sectors subject to short-selling.

Demand for air travel has collapsed as COVID-19 spread. On Monday, United Airlines said it lost $2.1 billion in the first quarter. In early trading, the company’s stock lost $1.29 a share, or 4.44 percent, and closed at $27.79 a share. The 52-week range is $17.80-$96.03 a share.

But some companies, including Walmart, Campbell Soup and Kroger, have performed well as people shelter in place.

Short-sellers are likely to be aggressive as long as the market remains volatile and produces wide swings between positive and negative territory.

Coca-Cola, Delta Air Lines and Netflix will report earnings this week, giving investors further insight into what the coronavirus has done to the economy.

Reuters contributed to this story.

 

|<< Previous 1 2   
Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久久99精品久久 | 欧美人成在线 | 五月天婷婷在线视频国产在线 | 九九九九精品视频在线播放 | 成人二区 | 美国成人a免费毛片 | 日韩午夜精品 | 亚洲免费播放 | 色婷婷色婷婷 | 嫩草影院观看 | 日本护士xxxxx极品 | 日韩av在线中文字幕 | 99久久久久久久 | 国产成人91精品 | 九草在线视频 | 天天躁日日躁很很躁2022 | 免费在线一级毛片 | 久操伊人 | 亚洲国产高清高潮精品美女 | 精品久久久久久亚洲 | 香蕉视频在线看 | 九九热精品视频在线播放 | 国产一区二区久久精品 | 欧美亚洲韩国国产综合五月天 | 欧美日一区| 国内精品久久久久久2021浪潮 | 污网站在线免费看 | 青娱乐在线免费 | 免费一级在线 | 国产91在线免费 | 国产乱色精品成人免费视频 | 91欧美激情一区二区三区成人 | 九九热在线精品 | 亚洲国产精品综合久久 | 91在线免费观看网站 | 亚洲涩综合 | 夜色视频网 | 91久久亚洲精品一区二区 | 午夜寂寞影视在线观看 | 久久国产免费 | 久久久网站亚洲第一 |