Tri-county stocks bounce back as market soars
The Dow Jones Industrial Average surged at historic rates March 24, as pressure came down from President Donald Trump on Congress to pass a fiscal stimulus bill and regulators to reopen businesses by Easter. Tri-county public companies rebounded 9.4 percent from the past week’s declines, including a 68 percent jump for Goleta breast implant supplier Read More →
Read More →Amgen, WEV step up with pledge and online resources
Regional organizations have jumped into action to support communities affected by the global health crisis. Thousand Oaks biotech giant Amgen pledged up to $12.5 million to support emergency response efforts for the coronavirus pandemic, including operations by Goleta-based Direct Relief and the Los Angeles humanitarian nonprofit International Medical Corps. “The COVID-19 pandemic is precipitating a Read More →
Read More →Tri-county stocks mixed as stimulus package stalls
A 3 percent drop in U.S. equities markets hit smaller stocks in the Tri-Counties on March 23, as a stimulus package to combat the economic fallout of the coronavirus failed for a second time to gain legislative approval. The region’s companies had mixed results, with gains for eight out of the 10 largest firms. Goleta Read More →
Read More →Tri-county stocks end week with mixed results
Tri-county public companies ended the worst week for Wall Street since 2008 with a 5 percent drop March 20, as the threat of a recession loomed larger in the wake of the coronavirus outbreak. Stocks had a mixed close, with losses among several biotech firms, including regional biotech giant Amgen. Shares fell another 5.3 percent Read More →
Read More →Tri-county stocks bounce back from coronavirus losses
Tri-county stocks regained some of the previous day’s losses with the passage of a stimulus package to counteract the economic impacts of the coronavirus crisis, ending up 4.4 percent March 19 from the start of the week. Early stage biotech stocks topped the gains, including a 36 percent jump for Arcutis Biotherapeutics and a 27 Read More →
Read More →Tri-county stocks fall as national markets plummet
National financial markets and tri-county stocks continued to plunge March 16 in defiance of new fiscal stimulus as states imposed new restrictions over the weekend on restaurants, movie theaters and other businesses. President Donald Trump warned that the economic impact of the coronavirus epidemic could last through the summer. The S&P 500 fell 12 percent Read More →
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Tri-county stocks reverse prior day’s losses, gain 9.3 percent
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