US: Stocks open sharply lower amid pressure on oil market

Wall Street stocks opened sharply lower Tuesday as the oil market remained under pressure and more large companies withdrew their earnings forecasts due to the uncertain economic outlook.

[NEW YORK] Wall Street stocks opened sharply lower Tuesday as the oil market remained under pressure and more large companies withdrew their earnings forecasts due to the uncertain economic outlook.The broad-based S&P 500 shed 1.8 per cent to 2,773.72, while the tech-rich Nasdaq Composite Index dropped 1.2 per cent to 8,457.84.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Stocks open lower amid crude oil glut[NEW YORK] Wall Street opened lower on Monday as traders grappled with a drop in oil prices to 22-year lows as the coronavirus pandemic sapped demand for energy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks drop after US oil crashes to historic lowSYDNEY (BLOOMBERG) - Asian stocks followed their US counterparts lower on Tuesday (April 21), with investors on edge as oil futures plunged to unprecedented levels and earnings season continued.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »