News Formal

Wall Street tumbles as investors brace themselves for dour earnings

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK (REUTERS) - Wall Street's main indexes slipped on Monday (April 13) as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.. Read more at straitstimes.com.

NEW YORK - Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.

Overall, earnings for S&P 500 firms are expected to tumble 9.0% in the first quarter, compared with a Jan. 1 forecast of a 6.3 per cent rise, before plummeting 20.7 per cent in the second quarter as sweeping lockdowns halt business activity and spark furloughs. "The raft of stimulus from the Federal Reserve has distorted stock prices, which have become disconnected from fundamentals.

The outbreak could reach its US peak this week, a top health official said on Monday, as the White House considers when and how to lift stay-at-home restrictions.

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:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street tumbles as investors brace for dour earningsU.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street set to dip as focus turns to earningsU.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street tumbles as investors brace for dour earningsU.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Futures retreat as focus turns to corporate earningsU.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street set to dip as focus turns to earningsU.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »