Futures retreat as focus turns to corporate earnings

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U.S. stock index futures declined more than 1% on Monday after a strong rally last week, with investors bracing for the earnings season for further evidence of the coronavirus-led damage to Corporate America.

The S&P 500 SPX had fallen nearly 35% from its mid-February record highs, but an unprecedented U.S. fiscal and monetary stimulus and early signs the outbreak could be peaking have helped it recover about 27%.

The benchmark index ended a holiday-shortened week on Thursday with its biggest weekly percentage gain in more than four decades as the Federal Reserve rolled out trillions of dollars to backstop businesses. Over the weekend, major oil producers agreed to their biggest-ever output cut, but crude prices were subdued on concerns even that would not be enough to head off oversupply with the health crisis hammering demand. [O/R]

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Why do you people always thinks Africans are guinea pigs.....that any shit is associated to Africa.......!God above all has punished you with covid-19

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