30 April 2024
1300 794 893
AP/Alastair Grant

5 things you need to know today

Switzer Daily
9 September 2020

1. Australia's Big Four banks have launched "COVID wards" to specifically handle companies that have been impacted or stressed by COVID-19, or expect to be when government stimulus falls off at the beginning of 2021.

2. Only 69% of ASX 200 companies will pay a dividend (August 2020), amounting to around $21.6 billion paid to shareholders. This compares to 87% of companies that paid dividends in February 2020 and 88% that paid in August 2019.

3. AstraZeneca, one of the global frontrunners for a COVID-19 vaccine, has seen its share price drop over 6% after a participant experienced an "adverse reaction" in its phase 3 trial. The Australian government announced a deal to secure doses of these vaccines last week. Australia's Deputy Chief Medical Officer Dr Nick Coatsworth explained this was a "standard process" on Seven’s Sunrise this morning.

4. Tech stocks on the ASX are expected to plummet today after US tech stocks were hit hard yesterday. Tesla shares fell 21% overnight, while Apple dropped 6.7%, Microsoft fell 5.4%, Amazon fell 4.4% and Facebook dropped 4.1%.

5. The Dow fell 2.25% yesterday, closing at 27,500.89. The S&P 500 dropped 2.78% to 3,331.84 and the Nasdaq plummeted 4.11% to 10,847.69.

Comments
Get the latest financial, business, and political expert commentary delivered to your inbox.

When you sign up, we will never give away or sell or barter or trade your email address.

And you can unsubscribe at any time!
Subscribe
1300 794 893
© 2006-2021 Switzer. All Rights Reserved. Australian Financial Services Licence Number 286531. 
shopping-cartphoneenvelopedollargraduation-cap linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram