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Wall Street falls on dour economic data, corporate earnings

  • 📰 Reuters
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U.S. stocks fell with dismal economic data and first-quarter earnings reports serving as a reminder of the economy’s sharpest downturn in decades

J.C. Penney Co Inc shares dropped 27.3% as sources said the retailer was exploring filing for bankruptcy protection after the virus outbreak upended its turnaround plans.

The biggest U.S. health insurer UnitedHealth Group Inc rose 4.1% as it maintained its 2020 profit outlook at a time when major companies have withdrawn forecasts due to the coronavirus pandemic.Volume on U.S. exchanges was 10.95 billion shares, compared to the 14.28 billion average for the full session over the last 20 trading days.

 

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Let's face it, women not blowing through cash on non essentials is destroying the economy.

awww, US money printer need to BBBBUUUUUUUURRRRRRRTTTTT faster for the billionaires.

Closed When you Google Trump in 2023 it’s going to say Trump genocide 2020 and he killed us all economic virus on the horizons

No shit, what did you dildos expect

Duhhh, and the Wall Street wizards couldn’t have predicted this a long time ago!

But it was the best economy ever! If it was that great, it wouldn't have collapsed so quickly.

US stocks close lower as coronavirus toll slams earnings , economic data.

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