The S&P 500 fell 0.7% after spending the morning swaying between small gains and losses. Companies that rely on consumer spending, banks and technology and communication stocks bore the brunt of the selling. Trading in stock markets overseas was subdued as coronavirus counts climb around the world, raising the risk of more government restrictions on businesses. Treasury yields fell, while prices for crude oil and gold rose.
The S&P 500 fell 23.26 points to 3,488.67. The benchmark index broke a strong four-day winning streak on Monday. The Dow Jones Industrial Average lost 165.81 points, or 0.6%, to 28,514. The pullback knocked the Dow back into the red for the year. The Nasdaq composite slid 95.17 points, or 0.8%, to 11,768.73. At one point it had been up 0.6%.
Big banks are traditionally the first companies to tell investors how much profit they made in the prior quarter, and Bank of America and Wells Fargo fell following the release of their reports, posting the biggest losses in the S&P 500. Bank of America sank 5.3% after its revenue fell short of analysts’ forecast, while Wells Fargo dropped 6% after its earnings were lower than Wall Street expected.
Tech stocks fell, weighing down the broader S&P 500. Amazon fell 2.3% and Microsoft slid 0.9%. Apple bounced back from an early slide and eked out a 0.1% gain.
That’s because we have bunch of stubborn jackasses pretending to represent citizens, in reality they only represent their wealth my friends, trying to do their job for the first time
If I were to give you $10,000, what would you spend it on? Food? Clothes ? Your kids? Credit Card Debts? Student Loans? Family? Medical bills? Student Loans? Giving to charity? I'm gonna bless a few people who Like & Retweet. (Must be following me so I can DM you)
Hello,Jesus is the son of God he helped people doing his era now i want to share what God has given and blessed me with.I help people through there bills because I know the society at large needs help and that is what I’m making donations to people who needs financial support.
I imagine the breaking story on the finding of hunter biden emails will be front page tomorrow.
Stimulus 2 dims so will Trumps chances
So the stock market runs on government stimulus? Got it!
Because cruela SpeakerPelosi hates America