Stock Markets Move Higher Despite BP Dividend Cut, Virgin Galactic Stock Offering

Market participants have looked closely at how the coronavirus pandemic has spread across the U.S., with many new states that weren't initially hotspots having moved into the limelight in recent weeks. Oil giant BP (NYSE: BP) finally did something that shareholders had feared for some time was inevitable. Meanwhile, Virgin Galactic Holdings (NYSE: SPCE) announced its latest quarterly results, sending the stock sharply lower despite some hopes for the future.