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COVID-19 UPDATE The spread of COVID-19 outside China continued Wednesday with new confirmed cases in China falling below cases confirmed elsewhere for only the second day since the outbreak began; 1,046 new cases were confirmed worldwide with China accounting for 406 of them. South Korea cases also continue to rise with 334 new cases confirmed…

COVID-19 UPDATE Spain and Switzerland confirmed their first cases of infection on Tuesday as the COVID-19 continues to show up in new countries. The Swiss case involved a man who had been to Lombardy, Italy – the hotbed of Italian infections – mid-February. The Spanish case was the first on mainland Spain and involved a…

COVID-19 UPDATE Confirmed cases of coronavirus outside China have continued to rise following the surge over the weekend. Monday saw Italy record 77 more cases to have 229 infections and 7 deaths, a far cry from Friday when only 3 cases had been confirmed. South Korea also reported 60 more cases and confirmed infections now…

COVID-19 UPDATE South Korea reported its first death from the coronavirus on Thursday bringing to five, the number of countries ex-China that have recorded fatalities from the virus. The number of new confirmed cases slowed to 484 on Wednesday, down from 1,412 on Tuesday. The number of deaths also slowed to 112 from Tuesday’s 137…

UNITED STATES US Stocks were hurt after the sharp increase of corona virus cases on Wednesday in China. The Dow Jones Industrial Average was down 0.43% while the Nasdaq Composite and the S&P closed at -0.14% and -0.16% respectively. US Treasury yields opened lower today after the Chinese numbers were out. This created a 3.5…

UNITED STATES The S&P and the NASDAQ inked out fresh records in Tuesday’s session closing 0.17% and 0.11% higher respectively as investor optimism grew with signs of slowing in the spread of the coronavirus, now officially named Covid-19; the number of new confirmed cases slowed on Monday following a surge over the weekend. The DOW…

UNITED STATES US stocks started the week on a high with stocks notching records as investors focused on solid Q4 earnings. Restaurants Brands International, parent company of Burger King and Popeyes, closed 2.7% higher as Q4 earnings topped expectations on the back the popular Popeyes chicken sandwich. The NASDAQ and the S&P inked fresh records…

UNITED STATES A stellar jobs report on Friday was not enough to swing US stocks to the upside on Friday although stocks recorded gains for the week. The US economy added 225,000 jobs in January versus a 165,000 gain according to a MarketWatch poll with unemployment ticking up slightly to 3.6%. The DOW led the…

UNITED STATES The tariff reduction on $75 billion of US goods by China buoyed Wall Street on Thursday to close at fresh records. The 50% reductions, effective February 14, are on retaliatory tariffs imposed in September and December during an escalation in the trade war. The NASDAQ gained 0.67% while the S&P and the DOW…

UNITED STATES US stocks closed in the green for a third straight day as the Wall Street rebound continued amid indications that the economic impact of the coronavirus could be blunted. Reports surfaced on Wednesday that UK researchers had made progress in lab tests while a Chinese research team claimed a cocktail of drugs could…