2 May 2024
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PA/James Warwick

5 things you need to know today

Switzer Daily
1 April 2020

1. Coronavirus cases in NSW have accelerated higher from 5.9% to 7.4% overnight, as the death toll in NSW rose to 9 overnight after the death of a 95-year-old woman. Another 150 people in NSW have tested positive taking the state's total to 2,182.

2. Women aged between 20 to 29 are the cohort most infected in Australia by Coronavirus.

3. S&P Global Ratings have predicted global growth toward 0. S&P's global chief economist Paul Gruenwald published a research note on Tuesday that stated, “In response to the ongoing extraordinary impact of the coronavirus pandemic on economic activity and financial markets, we have marked down global growth to just 0.4% this year, with a rebound to 4.9% in 2021...The decline in activity will be very steep.”

4. Shares of Microsoft and Amazon ended the year's first quarter on a high, while most other tech stocks suffered a loss due to the impacts of coronavirus. Microsoft rose 0.00006% in the past three months, while Amazon rose 5.43% in one of the worst first quarter markets recorded.

5. Wall Street dropped slightly again with the Dow ending down 1.84% to 21,917.16, S&P 500 dropping 1.60% to 2,584.59 and Nasdaq down 0.95% to 7,700.10. Though as the first quarter closed, the Dow has dropped 23% in total, which are drops that have not been seen since 1987. S&P 500 closed its quarter down 17% and Nasdaq was the least impacted due to performing tech stocks.

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