News Formal

Wall Street tumbles as investors brace for dour earnings | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

NEW YORK, April 13 — Wall Street’s main indexes slipped today as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic. JPMorgan Chase & Co and Wells Fargo & Co will kick off the reporting season on Tuesday, with...

Traders work on the floor of the New York Stock Exchange May 25, 2017. — Reuters pic

The S&P banking subsector shed 2.5 per cent, while the broader financial sector dragged on the benchmark S&P 500 with a 2.4 per cent fall. The S&P 500 has recovered about 26 per cent since hitting a three-year low in March, powered by aggressive US monetary and fiscal stimulus and early signs of a potential peaking in US coronavirus cases, but remains about 18 per cent below its mid-February record high amid fears of a deep global recession.

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 1. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Terrible or merely bad? Investors brace for ugly Q1 earnings | Malay MailNEW YORK, April 13 ― The month of March opened with US unemployment near a 50-year low and concluded with countless companies turning to Washington for help as the coronavirus ravaged the economy. Quarterly earnings season ― which kicks off this week with reports from major banks ― will...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »

Ride-hailing app offers delivery services to boost taxi drivers’ earnings | Malay MailKUALA LUMPUR, April 12 — Taxi-oriented ride-hailing PICKnGO app is offering users delivery service options to boost drivers’ earnings during the movement control order (MCO) period. PICK N GO Sdn Bhd executive director Valerie Chan said taxi drivers had been finding it hard to make ends meet...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »

Virgin Galactic to run as a critical infrastructure business during Covid-19 pandemic | Malay MailLONDON, April 13 ― Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many US states in which it operates have mandated business closures during the coronavirus outbreak. “We are an aerospace...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »