After some major bloodletting last week, the Dow Jones Industrial Average had its biggest single-day percentage gain since 2009 on Monday, rising nearly 1,300 points.
MORE: Canceled flights, quarantined cruises and $30B losses: How coronavirus has upended the travel industry
The Dow’s best performers Monday included Apple, Walmart, United Health Group, Microsoft and The Travelers Companies. Apple shares rose by more than 9% and Microsoft by more than 6% during trading. In a memo Sunday evening, Daniel Ives, the managing director of equity research at Wedbush Securities, put Microsoft and Apple both atop their list of top tech names to own"in this coronavirus sell-off."
"We view these times of fear and 'white knuckle' Street panic as witnessed over the past week with the coronavirus outbreak as, while tragic for the individuals and families impacted, representing golden buying opportunities to own the tech themes and stocks that we believe will be long term winners," Ives wrote.
Among the worst performers Monday were the Walt Disney Company, Dow Inc. and 3M Co., though even shares for those three were up by approximately 2%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Awaiting US stock futures open at 6 pm after Wall Street's worst week since 2008Investors braced for the U.S. stock futures open Sunday at 6 p.m. after rising concerns around the coronavirus sent equities tumbling last week.
Les mer »
U.S. stock futures sink, suggesting the worst isn’t over for Wall StreetU.S. stock market futures fell sharply shortly after electronic trading began late Sunday, suggesting further losses when trading begins Monday, following...
Les mer »
U.S. stock futures resume coronavirus rout as trading resumesU.S. stock index futures tumbled when trading reopened on Sunday night with inve...
Les mer »
U.S. stock futures rise after initial drop, suggesting a pause in Wall Street’s lossesU.S. stock market futures rallied from steep initial losses late Sunday, suggesting a pause to the selloff Monday, following the worst week on Wall Street...
Les mer »
U.S. and the Taliban sign accord to end war in Afghanistan, draw down American forcesTaliban militants and the Trump administration take another step forward in a risky bid to end nearly two decades of fighting in Afghanistan.
Les mer »
Travelers will face new restrictions and cancellations as coronavirus cases grow in the USTravelers entering the United States will face new protocols as cases of novel coronavirus grow around the world.
Les mer »