News Formal

Wall Street falls on dour economic data, corporate earnings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

U.S. stocks fell with dismal economic data and first-quarter earnings reports serving as a reminder of the economy’s sharpest downturn in decades

J.C. Penney Co Inc shares dropped 27.3% as sources said the retailer was exploring filing for bankruptcy protection after the virus outbreak upended its turnaround plans.

The biggest U.S. health insurer UnitedHealth Group Inc rose 4.1% as it maintained its 2020 profit outlook at a time when major companies have withdrawn forecasts due to the coronavirus pandemic.Volume on U.S. exchanges was 10.95 billion shares, compared to the 14.28 billion average for the full session over the last 20 trading days.

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:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let's face it, women not blowing through cash on non essentials is destroying the economy.

awww, US money printer need to BBBBUUUUUUUURRRRRRRTTTTT faster for the billionaires.

Closed When you Google Trump in 2023 it’s going to say Trump genocide 2020 and he killed us all economic virus on the horizons

No shit, what did you dildos expect

Duhhh, and the Wall Street wizards couldn’t have predicted this a long time ago!

But it was the best economy ever! If it was that great, it wouldn't have collapsed so quickly.

US stocks close lower as coronavirus toll slams earnings , economic data.

Canada Canada Latest News, Canada Canada Headlines

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

Wall Street analysts turned very bullish on these stocks during the pandemic market turmoilFor subscribers: Wall Street analysts turned very bullish on these stocks during the pandemic market turmoil Check out CNBCPro and get your first 7 days free. Pro it aint Coke tho
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street jumps as hopes for easing lockdown offset earnings worryU.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JPMorgan and Wells Fargo. And this is why the message is on repeat. (previously it was an Easter opening)
Source: Reuters - 🏆 2. / 97 Read more »

The definitive collection of top Wall Street stock picks as coronavirus ravages markets - Business InsiderThese lists of stock picks come from Wall Street titans like Goldman Sachs, Morgan Stanley, and Bank of America.
Source: BusinessInsider - 🏆 729. / 51 Read more »