Economic White house adviser Larry Kudlow said about the next aid package to combat the coronavirus is not known what caused the reversal of the US stock market in the growth direction. Financial experts say that soon the world economy will face a number of problems if the government won't be another fiscal support. Despite the fact that the statement Kudlow has led to the negative sentiment, business activity in new York begins to recover.
Basic American indexes fell: the Dow Jones is 0.6%, the S&P 500 0.5% and the Nasdaq Composite fell 0.2%. At the same time, American Airlines announced an increase in investment in the digital currency to attract about 1.5 billion USD in the form of shares and convertible bonds, although its shares fell by 4.6%.
Before the upcoming annual worldwide developers conference, Apple shares rose 1.5%, and all because the company announced the production of its own chips for Macs in the next generation, which will allow him to abandon the current vendor - Intel. This led to the fact that the shares of Intel fell by 0.4%.
Apple has temporarily frozen their through stores in the United States due to the spread of coronavirus and it became one of the main factors that influenced the change of the situation on the market in the evening last Friday. But in new York things go up, as retail sector is in recovery, and cafes, restaurants and barbershops are once again beginning their work.
The next company brought a note of optimism was Walt Disney, as it was announced that July 15 will resume the theme Park Disneyland. At the same time, in the company-retailer Bed Bath & Beyond said that this weekend's planned resumption of 95% of the stores.
After Virgin Galactic announced its agreement with NASA, allowing the company to train astronauts for flights to the International space station, their shares jumped up by 8.13%.
The price of crude oil again began to decline, the incentive was the fear that the state will again have to introduce quarantine measures that kill demand for raw materials. So Marathon Oil has lost 1.5% after downgrade by Goldman Sachs.