Stocks are plummeting on surge in coronavirus cases; financials lead the plunge

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 80%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Stocks are plummeting on rising coronavirus cases; financials lead the plunge

NEW YORK — Wall Street’s major indexes tumbled on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases and as financial shares tumbled after the Federal Reserve moved to cap bank dividend payments.

On the benchmark S&P 500, financial shares led in percentage losses. Bank shares plummeted 5.9 per cent after the Federal Reserve limited dividend payments and barred share repurchases until at least the fourth quarter following its annual stress test. Renewed concerns over the novel coronavirus pandemic has threatened to derail a strong rally for Wall Street that has brought the S&P 500 within 11 per cent of its February record closing high.

The Dow Jones Industrial Average fell 637.86 points, or 2.48 per cent, to 25,107.74, the S&P 500 lost 58.79 points, or 1.91 per cent, to 3,024.97 and the Nasdaq Composite dropped 187.50 points, or 1.87 per cent, to 9,829.50. Gap Inc shares surged 18.1 per cent after the retail chain entered a 10-year deal with rapper and fashion designer Kanye West to create a line of clothing under his Yeezy brand.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Rising cases. Not rising hospitalizations. Not rising deaths. But cases, due to testing. Herd Immunity is what we want.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 10. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Asian stocks skid as new coronavirus cases rattle marketsShares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors' hopes for a relatively quick economic turnaround. Umm, doesn’t the sign show the index rising?
출처: CTVNews - 🏆 1. / 99 더 많은 것을 읽으십시오 »

Asian stocks follow Wall Street higher on bank newsAsian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments.
출처: CTVNews - 🏆 1. / 99 더 많은 것을 읽으십시오 »

Asian stocks skid as new coronavirus cases rattle marketsShares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors' hopes for a relatively quick economic turnaround. Umm, doesn’t the sign show the index rising?
출처: CTVNews - 🏆 1. / 99 더 많은 것을 읽으십시오 »