Wall Street stocks tumbled for a second straight session on Tuesday as worries about chaos in the oil market overshadowed progress in Washington on additional relief for small businesses.[NEW YORK] Wall Street stocks tumbled for a second straight session on Tuesday as worries about chaos in the oil market overshadowed progress in Washington on additional relief for small businesses.The broad-based S&P 500 dropped 3.1 per cent to 2,736.56, while the tech-rich Nasdaq Composite Index sank 3.
A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory. But the market remained under heavy pressure due to a supply glut as petroleum demand sinks due to coronavirus shutdowns. Besides the shocking and historic turmoil in the oil market, stocks have also been pressured by uncertainty over the coronavirus and when the US caseload will begin to decline, said Art Hogan, chief market strategist at National Securities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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 end sharply down for 2nd straight day, Dow down 2.7%NEW YORK (AFP) - Wall Street stocks tumbled for a second straight session on Tuesday (April 21) as worries about chaos in the oil market overshadowed progress in Washington on additional relief for small businesses.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 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 »
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 »
US stocks end sharply lower for second straight dayNEW YORK: Wall Street stocks tumbled for a second straight session on Tuesday (Apr 21) as worries about chaos in the oil market overshadowed ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Stocks open sharply lower amid pressure on oil market[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. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »