Stocks fell on Wednesday as dismal economic data and weak bank earnings fueled concerns over the coronavirus’s impact on the economy. Here's how the major averages performed: - The Dow fell 442 points. - The S&P 500 slid 2.2%. - The Nasdaq fell 1.4%.
closed 1.4% lower at 8,393.18. Both the Dow and S&P 500 had their worst session since April 1.
"If this is a precursor to what we can expect throughout the U.S. ... there's no word for it," said Quincy Krosby, chief market strategist at Prudential Financial. "The reflects the complete shutdown of the economy." Grocery stores, pharmacies and other retailers of essential goods saw a surge in demand last month amid the outbreak, the government said. But sales at a variety of other businesses — such as gas stations, auto dealerships, and restaurants — swooned as state governments shuttered commerce in an effort to slow the virus.to a historic low, surpassing the levels seen in the throes of the Great Recession. The Empire State Manufacturing Index hit -78.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
What to watch today: Dow set to drop after Tuesday's sharp reboundDow futures point to a sharp decline at Wednesday's open, one day after a strong advance.
Consulte Mais informação »
Stock market news: Live updates on the Dow, S&P 500, companies and more - CNNUS stocks set to open lower as investors continue to worry about the coronavirus pandemic's impact on the economy. Here's what's moving markets today:
Consulte Mais informação »
Dow rallies more than 500 points on improving virus outlook, Amazon jumps to all-time highStocks jumped back up on Tuesday, resuming the market’s sharp rebound from last month’s lows. Here's how the major averages performed: - The Dow rallied 559 points. - The S&P 500 climbed 3.06%. - The Nasdaq advanced 3.95%.
Consulte Mais informação »
What to watch today: Dow set to jump at open as earnings seasons kicks offU.S. stock futures point to a strong advance for the Dow at Tuesday's open as JPMorgan and J&J kick off earnings season.
Consulte Mais informação »
Dow, S&P 500 slide as focus shifts to earnings; Nasdaq gainsThe Dow and S&P 500 fell on Monday as U.S. 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.
Consulte Mais informação »