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%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 8. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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 ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

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 ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

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 ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

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 ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

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 ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »