Stocks slip on Wall Street over coronavirus stimulus delays

U.S. stocks capped another wobbly day of trading with modest losses Wednesday as Wall Street waited for any sign of progress as lawmakers in Washington negotiate over how to deliver more aid for the economy.

The S&P 500 fell 7.56 points to 3,435.56. The Dow Jones industrial average lost 97.97 points, or 0.4%, to 28,210.82. The index had briefly been up 141 points. The Nasdaq composite gave up 31.80 points, or 0.3%, to 11,484.69.Stocks of social media companies were among the biggest gainers after Snap reported even bigger jumps in revenue and in the number of people using its Snapchat service each day than analysts expected.

On the losing end was Netflix, which fell 6.9% for one of the largest losses in the S&P 500 after it said growth in its subscriber rolls slumped by more during the summer than it had forecast. It also reported a weaker quarterly profit than analysts expected, following a surge earlier this year when people were yearning for things to watch amid coronavirus-caused lockdowns.It’s a rare disappointing report in what has been a much better earnings season than Wall Street had feared.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks fall on Wall Street as hopes for new economic aid fadeStocks gave up some of their recent gains Monday as hopes faded on Wall Street that Washington will come through with badly needed aid for the economy before election day.
La source: latimes - 🏆 11. / 82 Lire la suite »

Stocks open higher on Wall Street following solid earningsStocks open higher on Wall Street as traders look over several solid earnings reports from U.S. companies. Procter & Gamble, Regions Financial and Travelers all rose after reporting quarterly results that were better than analysts were expecting.
La source: AP - 🏆 728. / 51 Lire la suite »

Stocks fall on Wall Street as hopes fade for new coronavirus virus stimulus aid📉 Stocks gave up some of their recent gains Monday as Wall Street's hopes that Washington will come through with badly needed aid for the economy before Election Day faded. election2020 dowjones stockmarket
La source: USATODAY - 🏆 100. / 63 Lire la suite »

Netflix Q3 2020 preview: 3 questions from Wall Street post-pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »