The stock market is a barometer of the economy, and any significant business news can impact its performance. As a result, it is essential to keep track of the latest business news to make informed investment decisions. In this article, we will discuss ten recent examples of business news that impacted the stock market.
1. Tesla’s Stock Surge:
Tesla’s stock has been rising steadily over the years, and in 2020 it witnessed an unprecedented surge. The electric car manufacturer’s stock rose by over 500% in 2020, largely driven by the company’s better-than-expected earnings reports, strong demand for electric vehicles, and its inclusion in the S&P 500 index.
2. Antitrust Lawsuit Against Google:
In October 2020, the US Department of Justice filed an antitrust lawsuit against Google, accusing it of abusing its market power to maintain its monopoly over the search market. This news impacted the stock market, causing Alphabet, Google’s parent company, to lose nearly 5% of its market value.
3. Pfizer’s COVID-19 Vaccine:
In November 2020, Pfizer announced that its COVID-19 vaccine was over 90% effective in preventing the virus. This news was a significant positive development for the stock market, causing the Dow Jones Industrial Average to soar by over 800 points.
4. Amazon’s Earnings Report:
In October 2020, Amazon reported its third-quarter earnings, which were well above expectations. The company’s net income increased by 197% year-over-year, driven by the surge in online shopping during the pandemic. This news caused Amazon’s stock to rise by over 3%.
5. Facebook’s Advertising Boycott:
In June 2020, more than 1,000 advertisers boycotted Facebook’s advertising platform, protesting the company’s handling of hate speech and misinformation on its platform. This news impacted the stock market, causing Facebook’s stock to lose nearly 10% of its value.
6. Boeing 737 Max Certification:
In November 2020, the Federal Aviation Administration (FAA) certified Boeing’s 737 Max aircraft to fly again after a 20-month grounding following two fatal crashes. This news caused Boeing’s stock to rise by over 6%.
7. Apple’s iPhone Sales:
In October 2020, Apple reported its iPhone sales for the third quarter, which were higher than expected. The company’s revenue grew by 1% year-over-year, driven by strong demand for its new iPhone 12 lineup. This news caused Apple’s stock to rise by over 4%.
8. Microsoft’s Acquisition of ZeniMax:
In September 2020, Microsoft announced its acquisition of ZeniMax, the parent company of video game developer Bethesda Softworks. The $7.5 billion deal was a significant development for the gaming industry, causing Microsoft’s stock to rise by over 2%.
9. Warren Buffet’s Investment in Barrick Gold:
In August 2020, Warren Buffet’s investment firm Berkshire Hathaway announced that it had acquired a stake in Barrick Gold, the world’s second-largest gold producer. This news impacted the stock market, causing gold prices to rise by nearly 2%.
10. Airbnb’s IPO:
In December 2020, Airbnb went public through an initial public offering (IPO), which was highly anticipated by investors. The company’s stock price surged by over 115% on the first day of trading, making it one of the most successful IPOs of the year.
In conclusion, these ten recent examples of business news highlight the impact that significant developments in the business world can have on the stock market. By staying informed and keeping track of the latest news, investors can make informed decisions, mitigate risks, and maximize returns.
