The Dow Jones industrial average was down 1.9%, over 400 points, while the S&P 500 fell 2.2% and the Nasdaq Composite was down 1.4%., warning that loan defaults are set to skyrocket: The latest to do so on Wednesday—Citigroup, Bank of America and Goldman Sachs—all posted earnings declines of 40% or more.to a new low in March, falling a record 8.7%, according to a report from the Commerce Department., as it has been forced to close stores due to the virus outbreak, according to Reuters.
“Now that we are finally seeing data that shows the COVID-19 impact to the US economy, investors are having a hard time becoming optimistic that economic activity will come back this quarter,” says Edward Moya, senior market analyst at Oanda. “Unless markets see a medical breakthrough or a stronger drop-off in new cases, the rebound from last three weeks will end up being a bear-market rally, thus raising calls for a retest of March 23rd low.
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skleb1234 It's all propped up on bullshit.there is no GDP
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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
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Stocks Move Higher As Earnings Season Kicks OffThe Dow jumped over 400 points at the open. What is Hydroxychloroquine ? How does it work a against COVID19 Rule1..keep your family safe!! If u need proof this stock market is a scam today would be that proof. There is no way in hell anybody would be buying stocks from inept corps. That's insane. Or rigged by the big players so u can place your sucker's bet.
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