NASDAQ is only 3.6% off its hair earlier this year • Dow Jones has jumped more than 33% since Black Sunday in March • S&P has risen more than 3% • Oil barrel plunged to only $ 18

• Wall Street Trading // Photo: Islands. Nose. times

The Corona is still here, but Wall Street recorded a second consecutive week of increases against President Trump's plan to remove restrictions from the US economy. The Dow Jones rose more than 2.2 percent last week and has risen more than 33 percent since Black Sunday, March 23. However, the Dow is still 18% off its highs last February, and 15% higher than at the beginning of the year - a good figure from the 2008 crisis, so the Dow lost 33.64% of its value.

The S&P index rose more than 3%, and is now 11% lower than its price in early 2020. The most successful index to date, the NASDAQ, rose more than 6% last week and is only 3.6% higher than earlier this year And 12% of its peak, recorded on February 19. Since the "Black First", the NASDAQ has risen by more than 30%. 

Giliad's stock rose 10% after announcing that patients suffering from Corona's symptoms had responded positively to the experimental drug Ramdsibir, but these are initial stages, and it is premature to know if a cure for Corona was found.

Tesla's stock has also continued to surge and has risen more than 100% since the mid-March lows, with restrictions on the Corona spread. Tesla's leap is taking place despite cuts in salaries and the removal of many workers to the US, and many experts attribute Tesla's leap to the creation of a new bubble following the ability of hedge funds to raise capital by flooding the banking system with "easy" money from the Federal Reserve.

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Meanwhile, oil continues to plunge, dropping nearly 10% on Friday, with a barrel price of $ 17.9 - the lowest in 19 years. The drop in oil prices indicates that the agreement between the oil cartel and Russia (OPEC +) does not create security in the markets. Another reason for the decline in oil prices is the fall in demand, especially in China - the source country of the Corona virus. 

The Chinese economy has shrunk 

Yesterday, China released its economic data, pointing to the contraction of the economy in the first quarter of this year. According to data, GDP in January-March decreased by 6.8% compared to the same period last year. Exports fell 6.6% and imports nearly 1%. The unemployment rate in urban areas is estimated at 5.9%.