- US stock rally
- Tesla as the biggest sensation
- Coronavirus still spreading at a rapid pace
Investors with exposure to the US stock market may sigh with relief as US stocks rally in spite of coronavirus fears. S&P500, NASDAQ and Dow Jones rose more than 1% on Monday, rebounding after last-week losses. Today’s session already looks promising, as US indices rise more than 1%. European stock markets do not, by any means, look worse as all major indices surge.
Without doubt, the biggest sensation is Tesla - its stock price skyrocketed. After the company reported solid earnings on January 29, markets have witnessed a decent price rise. However, yesterday TESLA price increased by a staggering 20%! Today the demand is continuously strong, therefore, one can track a double-digit growth. 
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Create account Try a demo Download mobile app Download mobile appAs far as coronavirus is concerned, China’s officials confirmed that at the end of Monday the number of cases have surpassed 20,400. The number of deaths equals at least 425. Given weaker data from the Chinese economy in January (industrial profits) and already noticeable decline in business activity and production, a contraction in China’s GDP seems inevitable. The question remains whether coronavirus will maintain its rapid spreading pace.
The world is anxiously waiting for the latest news on the virus outbreak. Aparat from that, investors may be particularly concerned about some key economic indicators including the UK's PMI and ISM index in the US, which will be published tomorrow.
