Florida, California, and Texas COVID Fears Flounder Markets & Analyzing the Volatility of the Stock Market | Daily Financial News Summary for Wednesday, June 24, 2020

Florida, California, and Texas COVID Fears Flounder Markets & Daily Financial News Summary for Wednesday, June 24, 2020 The market was hit hard on Wednesday, as the surge of new Covid19 cases increased investors’ fears. This was the worst day in the market since June 11. The Dow Jones was down by 2.72%, the S&P 500 by 2.5%, and the NASDAQ by 2.1%. New cases in California, Texas, and Florida have risen substantially over recent days. California reported 7,149 new cases yesterday, which is its biggest single-day increase yet. Florida saw its new cases increase by 5,508. New York, New Jersey, and Connecticut have all declared quarantine orders for any visitors who have traveled from a hotspot. This caused United Airlines and Delta’s stock to drop by more than 8% each. READ MORE: https://callputstrike.com/2020/06/24/florida-california-and-texas-covid-fears-flounder-markets-daily-financial-news-summary-for-wednesday-june-24-2020/ Analyzing the Volatility of the Stock Market We are in turbulent times. The markets dove low today on news of COVID-19 cases and it created a sudden fear that the good news of re-opening would be short-lived. As markets will fluctuate, in recent times, they have seen more turbulence than normal. We take a look at the reasons today: Explaining the Stock Market For investors wanting to dip their toes into the volatile world of stock trading, they must first understand the basics. The United States stock market is a collection of exchanges between traders. Public companies offer shares of their stock, and investors come together to buy and/or sell these shares, depending on what their angle is. Some investors prefer to play the long game and hold on to their shares for as long as possible. Others are trying to make quick cash, and trade their stocks within minutes of purchasing them, hoping to make a profit. READ MORE: https://callputstrike.com/2020/06/24/analyzing-the-volatility-of-the-stock-market/ ETFS, Investing, Market Insider, Mutual Funds, Personal Finance, Retirement, Stock Market Investing, Market Insider, News, Stock Market, Trader Talk