The emerging coronavirus economy

Only 7 out of 500 publicly-traded companies in the U.S. gained value last week, according to the Wall Street Journal — including Clorox, the disinfectant manufacturer, and Gilead Sciences and Regeneron, which are working on coronavirus treatments.

Advertisement

Other noteworthy stock gainers throughout the stock market’s jittery run include other pharma companies — like Moderna, whose vaccine is in the midst of an early clinical trial — and tech companies that connect people when movement around the globe is limited, like Zoom, Teledoc and Dropbox.

Peloton, whose home exercise bikes save people trips to germ-laden gyms, briefly saw its shares spike amid the broader market’s sell-off.

Conversely, travel companies — like the major cruise lines, plus big airlines and hotel chains — have been punished.

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement