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Dow, S&P 500 slide as focus shifts to earnings, Nasdaq gains | Malay Mail

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NEW YORK, April 14 ― The Dow and S&P 500 fell yesterday as US companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher. Stocks pared losses late in the day, with the Nasdaq registering...

Stocks pared losses late in the day, with the Nasdaq registering its first three-day streak of gains since February 12. — Reuters pic

The S&P banking subsector fell 4.1 per cent, with JPMorgan Chase & Co and Wells Fargo & Co set to report today and analysts expecting a bleak outlook for the year. Volume on US exchanges was 10.93 billion shares, compared with the 14.80 billion average for the full session over the last 20 trading days.

Aggressive US monetary and fiscal stimulus and early signs of a potential peaking in US coronavirus cases have helped stocks recover recently from their dramatic sell-off tied to the pandemic.

 

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