The 2020 Covid breakout cost the stock market a sharp 12.93% loss in a single day and we might be about to experience that again. At the time of writing this some UK travel stocks have faced some record beating losses including a 11.93% loss for struggling airline EasyJet and 10.02% for manufacturing giant Rolls-Royce.
The NYSE pre market is showing a complete bloody bath with some noticeable big losing numbers including AirBnb down 6.16%, Uber down 5.54% and GAP taking a further 3.59% loss on top of their previous closing day loss of over 20%.
Image courtesy of FT.com
High street retail and travel companies will take the biggest hit but there are some companies set to gain from this news including Zoom who are seeing a +10.42% pre market increase and Peloton up 7.92%. Both of these companies have been on a downward trend since restrictions were lifted with no end in sight but at home meetings and exercise will see more demand if lockdowns are reintroduced.
Image courtesy of Finance.Yahoo.com
