The S&P/ASX 200 Index (ASX: XJO) dropped 13% after another painful week after the coronavirus caused more falls.
The number of infections & deaths continues to increase and more countries are telling most businesses to close and citizens to stay indoors where possible.
There were a number of things that happened this week:
Travel companies need support
A number of businesses have needed to make some major announcements.
Some companies have actually upgraded their guidance
Not many companies are having a good time because of the coronavirus impacts. But some companies are doing well:
But plenty of others have removed their guidance or gave an update:
Just on Friday alone:
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX, Telstra Limited, and Webjet Ltd. The Motley Fool Australia owns shares of Wesfarmers Limited. The Motley Fool Australia has recommended Brickworks and Sonic Healthcare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.