World’s stock markets soar on coronavirus therapy hopes
Additionally, the European Central Bank, beneath the lead of Christine Lagarde, decided to not cut interest rates despite market expectations, leading to a drop in S&P 500 futures of more than 200 factors in less than an hour. Oil companies Chevron and ExxonMobil fell about 15%. The NASDAQ Composite, additionally in the United States, lost over 620 factors.[clarification needed] The S&P 500 fell by 7.6%. Oil prices fell 22%, and the yields on 10-yr and 30-12 months U.S. Treasury securities fell beneath zero.40% and 1.02% respectively.
Smith, Elliot; Ellyatt, Holly (four March 2020). “European markets close higher as buyers monitor virus unfold and hope for stimulus”.
A stock market bubble inflates and explodes when buyers, performing in a herd mentality, tend to purchase shares en masse, leading to inflated and unrealistically high market costs. A stock market bubble’s “pop” is often a …