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Stock impact report

3 Biotech Stocks Join the Coronavirus Fight; Analysts Weigh In [Yahoo! Finance News]

Daxor Corporation - Closed End Fund (DXR) 
NASDAQ:AMEX Investor Relations: daxor.com/investors
With the number of global coronavirus infections now exceeding 93,000, Wall Street observers aren’t sure that monetary policy will be enough to limit an economic slowdown. Yesterday, the Federal Reserve cut US rates by 50 basis points, a level not seen since the 2008 economic crisis. Despite briefly rallying on the announcement, things took a turn, leaving bank stocks hit especially hard. The situation wasn’t helped by the fact that for the first time in history, the benchmark 10-year Treasury yield fell below 1%, although the yield was back above 1% by the end of the session. “The fact is, we’re coming into this crisis with far less ammunition globally. It’s not just Europe or Japan, even in China they have much less ammunition than the last time they had to launch a stimulus package,” J.P. Morgan Private Bank’s head of investment strategy Alex Wolf stated. As so much about COVID-19 remains unknown, it has become a race against the clock to find solutions. The CDC’s test for coronavi Show less Read more
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