News Formal

Wall St. tumbles on gloomy economic data, bank earnings

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

U.S. stock index futures retreated on Wednesday for a second time this week, as a slide in oil prices pressured energy stocks ahead of what is ...

REUTERS: Wall Street's main indexes slid 2per cent on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression.

The benchmark S&P 500 has climbed about 26per cent from its March trough, lifted by a raft of U.S. monetary and fiscal stimulus and on early signs that coronavirus cases were peaking in some hotspots, but the index is still down about 18per cent from its record high. At 10:07 a.m. ET, the Dow Jones Industrial Average was down 558.11 points, or 2.33per cent, at 23,391.65, the S&P 500 was down 71.28 points, or 2.50per cent, at 2,774.78. The Nasdaq Composite was down 178.63 points, or 2.10per cent, at 8,337.11.

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:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Wall St tumbles on lackluster earnings, economic data[NEW YORK] US stock indexes slumped 2 per cent minutes after the open on Wednesday as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the 1930s. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall St. set to slump after gloomy economic data, bank earningsU.S. stock index futures retreated on Wednesday for a second time this week, as a slide in oil prices pressured energy stocks ahead of what is ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street jumps 2per cent on hopes of lockdown easing; JPMorgan kicks off earningsU.S. stock index futures gained on Tuesday as better-than-expected trade data from China and signs some economies might be preparing to ease ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street set for gains as JPMorgan, J&J kick off earningsU.S. stock index futures gained on Tuesday as better-than-expected trade data from China and signs some economies might be preparing to ease ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »