Stocks opened lower on Wall Street and oil prices continued to collapse Tuesday as traders anticipate demand for energy to shrivel because of the widespread business, factory and travel shutdowns related to the coronavirus pandemic.
Major U.S. stock indexes were down about 2% in early trading. The selling was widespread across industries, and 96% of the stocks in the S&P 500 index fell. In another sign investors were feeling nervous, prices for ultra-safe U.S. government bonds rose again, sending yields down. The drop comes the day after the price of oil fell below zero on Monday, partly due to technical factors as traders shifted from one futures contract to another. The U.S. oil contract for delivery in May settled at negative $37.63 per barrel Monday, an indication that investors don’t want to be left holding oil at a time when storage facilities are almost full and demand is at its lowest since the mid-1990s.
WSJ Trump DESTROYS THE UNITED POSTAL SERVICE USPS APWUnational/BarackObama obamacare; Includes Billionaire Evangelical Preachers in the Relief Act, while Pro-Life Republicans BLOCKED RAISING THE STARVATION MINIMUM WAGE 10 years in a row. DMRegister
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:
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 retreats as crude slump batters energy stocksA slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Stocks Drop After Last Week’s RallyU.S. stocks slid as investors remain at odds on the extent of the economic damage stemming from the coronavirus pandemic and how quickly businesses will recover. Meanwhile in the UK an answer to the child that will ask 'What did you do to protect me from this global dictatorship 30 day count down clock ⏰ should be activated! Fed buying junk bonds Don't be afraid Oil prices will hit bottom The economy is starting to move in June and July
Source: WSJ - 🏆 98. / 63 Read more »
Coronavirus Hasn’t Diminished Allure of Big Tech StocksBig technology stocks such as Netflix and Amazon are again charging to new heights and propelling the broader stock market, which is swiftly rebounding after a punishing selloff. Even chicken noodle soup has an expiration date, eh KeithMcCullough?
Source: WSJ - 🏆 98. / 63 Read more »
Global Stocks Muted as Earnings Season Picks Up SteamWorld shares held steady at the start of a week in which a slew of corporate earnings reports will help investors gauge the early financial effects of the coronavirus pandemic. boycott china Oy vey... I'll be interested in seeing the next quarter.
Source: WSJ - 🏆 98. / 63 Read more »
Asia Pacific stocks set to slip; China's loan prime rates aheadInvestors await the release of China's loan prime rate, set to be out around 9:30 a.m. HK/SIN, with a cut predicted in a Reuters poll. Man. I need HK to hang in by June
Source: CNBC - 🏆 12. / 72 Read more »
Here Are 29 ‘Get Out And Go’ Stocks For The End Of The Coronavirus QuarantineHere are 29 stocks that will benefit from pent-up consumer demand once widespread quarantine orders are lifted: by skleb1234 skleb1234 Beers. skleb1234 Thank you for sharing, Forbes! Will share to Facebook! skleb1234 Interesting take with huge unemployment and record consumer debt levels before we went into the pandemic.
Source: Forbes - 🏆 394. / 53 Read more »