11.03.2020 MSFT and Amazon Daily Analysis

11.03.2020 MSFT and Amazon Daily Analysis

  Today MSFT is trading at $160.92 as the US stock market has been recovering since President Trump`s press conference where he announced a payroll-tax cut to 0% and the meeting between the White House and Congress to discuss measures to shield the U.S. economy and the working class` paychecks against the impact of coronavirus. MSFT appointed a science chief, Peter Lee, who will lead multiple MSFT labs. The White House Office of Science and Technology Policy stated that they will meet with large tech companies such as MSFT, AAPL, and AMZN to discuss means of easing the impact of the coronavirus. This meeting will be led by Michael Kratsios, the US Chief Technology Officer.   Amazon shares traded higher than expected on Wednesday at $1,891.82 an increase of 5.07%. As the coronavirus spread across the globe, many consumers turned to the retail giant for face masks, hand sanitizer and other virus-killing products—dozens of which were deceptively labeled or selling at unusually high prices. The White House will meet large technology companies on Wednesday to coordinate efforts over the coronavirus outbreak, seeking to control a contagious respiratory illness that has infected almost 1,000 people in the United States and more than 100,000 globally. Big tech companies such as APPLE, GOOGLE, MICROSOFT, and TWITTER will be included in the meeting as well. The meeting will be led by U.S. Chief Technology Officer Michael Kratsios, with some companies participating by teleconference, the White House said. Gold prices raised on Wednesday at $1,662.20 an increase of 0.09% after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic weighed on risk sentiment. European Central Bank head Christine Lagarde will participate in a video conference of the EU's 27 leaders to discuss measures to counter the virus impact, the Council of the European Union said in a tweet. And also tomorrow we have a big event taking place which is the European Central Bank having an interest rate decision.  Whatever the outcome may be, investors are ready for some movement in the market. Lower interest rate reduces the opportunity cost of holding non-yielding bullion.