Premarket: Apple is green

From TeleTrader News: “Dow jumps over 750 pts in premarket trade“:

apple green coronavirus 257Shares on Wall Street moved in positive territory in premarket trade on Friday as investors keep watch over coronavirus developments. The Trump administration proposed an $850 billion stimulus package to stabilize the economy, which some claim has already entered a recession.

European equities also surged at the start of the session as central banks moved to ease monetary policy further amid the global pandemic. According to the latest data, over 246,000 worldwide contracted COVID-19.

The Dow Jones climbed 759 points at 4:25 am ET, while the S&P 500 advanced 3.26%. At the same time, the Nasdaq 100 surged 4.93%.

My take: We’ve seen this show before.

2 Comments

  1. John Konopka said:
    What happened at the end of the day? Was there some news? Till now Apple gad shown support at about $240.

    Maybe they were worried about holding Apple over the weekend? Down over 6%. Worse than the other stocks.

    0
    March 20, 2020
    • Dan Scropos said:
      There was certainly some sticker shock from my lunchtime market look to the end of the trading day. Someone dumped a large portion of Apple in the last 30 minutes and set off sell triggers it would appear. I sure hope Apple is able to retire 60 million+ shares this quarter.

      0
      March 20, 2020

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