Stocks on Wall Street fell broadly Monday morning as the market gave back some gains after notching its best week since 1974.
Investors are bracing for a sobering first look this week at how the coronavirus has hurt corporate America, with several major banks, including JPMorgan Chase and Wells Fargo, and other big companies set to report their results for the first three months of the year. Analysts project broad declines in earnings across the 11 sectors in the S&P 500.The Dow Jones industrial average was down 1.7%, or more than 400 points, to 23,307.16. The Nasdaq composite fell 0.9%.
Analysts said the cuts were not enough to make up for the void in demand because of business and travel shutdowns due to the coronavirus. But the deal at least helped resolve a price war that took U.S. crude to near $20 per barrel, pummeling U.S. oil and gas producers.
Anyone thinking they're going back to values 4 months ago is going to have to wait a loooooong time.
This is as bullshit a lede as I have ever read, the “biggest week” was in the middle of a goddamned avalanche of stock values, it has been years since the market had its current value.
Duh. We’re in the Great TrumpGOP Depression!
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s Why One Of Warren Buffett’s Favorite Stocks Might Be Poised For A ReboundHere’s why one of Warren Buffett’s favorite stocks might be poised for a rebound: by skleb1234 skleb1234 skleb1234 But Heinz has financial problems
Source: Forbes - 🏆 394. / 53 Read more »
Goldman says beware stocks getting government assistance even though they may pop on the newsNew for subscribers: Goldman says beware stocks getting government assistance even though they may pop on the news Check out CNBCPro and get your first 7 days free. Pro The truth is : Goldman wants you to buy only THEIR vodoo startup stocks or to pump up further their flag ship BIG TECH. Goldman is not interested in real US-economy shares to rise. So obvious. ;-( Pro Best advice I have heard, yet. You think people would wisen up after Fanniegate fiasco, shareholders STILL over barrel 12 years later. Government will screw shareholders. Who else gets to buy 4 billion warrants for .00001/share? Thieves.
Source: CNBC - 🏆 12. / 72 Read more »
Henry Blodget: Coronavirus impact on stocks, digital media, and the US job market - Business InsiderInsider Inc. CEO Henry Blodget says the US system of health insurance tied to employment is a historical accident that is unsuited for the crisis we are facing now. dehydration Tim Brooke-Taylor has died at the age of 79 with coronavirus..COVID__19
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks will revisit their coronavirus crash low, and here’s when to expect itStocks will revisit their coronavirus crash low, and here’s when to expect it, says MktwHulbert (OPINION) MktwHulbert The relapse cannot be worse than the first wave of infection MktwHulbert laughs in brrrrrrrr MktwHulbert Hulbert's predictions are like flipping a coin, otherwise, he would be running a hedge fund and making real money.
Source: MarketWatch - 🏆 3. / 97 Read more »
The coronavirus crisis puts the dividends of these popular stocks at riskFor subscribers: The coronavirus crisis puts the dividends of these popular stocks at risk. Check out CNBCPro and get your first 7 days free. Pro Hi guys, Millions American people lost their jobs before of COVID-19. But Utah Senator Mike Lee is trying to pass a new bill S386. Give away ALL the green card to Indian outsoucing IT workers ! Stealing jobs from American people! NOS386 Retweet and let more people know that Pro Every effort being carried out By Trump To brought Indian On job and Apply torture to American citizens Please study Islam A religion that is Allah Almighty true Gift to the world To safe the world From all diseases Pro let them sink.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks in Japan set to trade lower; OPEC and allies finalize record production cutOPEC and its allies, known collectively as OPEC+, finalized an agreement to cut production by 9.7 million barrels per day — the single largest output cut in history. Might as well cut production. There's no place to store all the extra oil. Colluding with your competitors to fix a price is illegal. Crude demand destruction and limited storage may send crude to $10 MarketWatch BloombergNRG PlattsOil OilandEnergy CrudeOilPrices stephoilpricing
Source: CNBC - 🏆 12. / 72 Read more »