在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

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: av网站在线免费观看 | 国产一区国产二区在线观看 | 日韩av高清在线 | 成人福利影院 | 国产免费黄色大片 | 精品国产麻豆 | 精品一区电影国产 | 四虎视频在线精品免费网址 | 黄色网址视频在线观看 | av国产精品 | 日本免费色 | 欧美日本韩国一区二区 | 九九精品久久久 | 羞羞的视频网站 | 亚洲成人久久久 | 色先锋资源 | 黄av在线| 视频一区二区中文字幕日韩 | 免费在线观看av的网站 | 日韩艹逼视频 | 欧美精产国品一二三区 | 精品国产一区二区三区久久久 | 亚洲三级在线看 | 久久精品一区二区 | 日韩精品| 国产剧情一区二区 | 黄色在线免费观看视频 | 国产精品一区二区在线观看 | www.中文字幕 | 一区二区三区影院 | 欧美一区二区三区的 | 在线观看免费毛片视频 | 正在播放亚洲 | 国产片在线观看 | 国产精品无码永久免费888 | 日本一区二区三区四区 | 中文字幕视频一区 | 国产黄色一级片 | 蜜桃久久av | 亚洲久久 | 亚洲电影一区二区三区 |