NASDAQ defies and is even supported by the coronavirus COVID19 pandemic
NASDAQ defies and is even supported by the coronavirus COVID19 pandemic
Nasdaq records record high due to stay at home tech and biotech stocks
The imposition of lockdown creates additional income generation opportunities for companies that provide technology to support people stuck at home under lockdown rules. Conversely the lifting of coronavirus lockdwon measures or recovery from coronavirus pandemic lowers the valuation of some stay at home tech stocks. Some tech stocks benefit massively from the coronavirus pandemic.
Biotech stocks win cause of their innovation and provision of drugs or treatment related to COVID19.