NEW YORK/HONG KONG/LONDON (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Eli Lilly & Company (LLY) dominated the headlines last week for its remarkable progress in development of coronavirus antibodies. The company recently presented positive results from the phase II study, BLAZE-1, evaluating its antibody therapy candidate, LY-CoV555, to treat
The stock market had another tough day on Monday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) finishing the session with a decline of more than 500 points. That was the worst drop on a percentage basis among major large-cap benchmarks, with the S&P 500 (SNPINDEX:
The path forward for U.S. oil and gas companies continues to get more and more challenging. On Monday, West Texas Intermediate crude oil prices crashed 5.3% lower, falling back below $40 per barrel after a mini-rally last week moved prices above this important level. Brent futur
(RTTNews) - U.S. stocks plunged sharply on Monday but regained substantial portion of lost ground in the final hour and the tech-laden Nasdaq very nearly managed to move into into positive territory towards the closing minutes of the session.
Historically, low mortgage rates continue to support the housing market even as the coronavirus cases are rising in the United States. Per the monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence for newly-built single
For investors looking for momentum, iShares U.S. Basic Materials ETF IYM is probably a suitable pick. The fund just hit a 52-week high and is up 76.8% from its 52-week low price of $59.49/share.
The dismal day for the major indexes never had a chance at recovery, as fears continued to mount concerning a renewal of coronavirus cases worldwide. After beginning the day down around 900 points, the Dow finished the session 509 points lower, its third-straight loss and wors
What happened
U.S. stock markets are continuing the declines seen in Europe overnight. While the major U.S. market indexes are experiencing general declines of 2% to 3%, steel stocks are showing outsized drops. United States Steel (NYSE: X), ArcelorMittal (NYSE: MT) and Clevelan
What happened
Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were down sharply on Monday, following the overnight departure of founder Trevor Milton amid allegations that he misled investors.
What happened
For a no-news day for alternative energy stocks, there sure is a lot of price movement in shares of hydrogen fuel cell stocks Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) today. For that matter, alt-energy newcomer and SPAC stock Pivotal Investment Corpora
What happened
Shares of discretionary stocks, including Ruth's Hospitality (NASDAQ: RUTH), MGM Resorts International (NYSE: MGM), and Melco Resorts (NASDAQ: MLCO) were getting hammered today as jitters over another wave of coronavirus infections spooked investors today.
What happened
Shares of Sabre (NASDAQ: SABR) fell by as much as 10% today as investors continued a broader stock sell-off that began earlier this month. The S&P 500 fell 2.3% in afternoon trading and Sabre's stock is down 8.4% as of 2:21 p.m. EDT.
What happened
Shares of U.S. energy driller Centennial Resource Development (NASDAQ: CDEV) fell as much as 13% in the first hour and a half of trading on Monday. Following close behind was fellow exploration and production (E&P) name QEP Resources (NYSE: QEP), which droppe
What happened
Coronavirus fears raised their ugly heads in a big way this morning, and all sorts of stocks related to the travel industry are suffering for it. For example, in midday trading, shares of travel reservations specialist Booking Holdings (NASDAQ: BKNG) dropped 5.4%,