Wall Street tumbles as employers slash jobs at a rapid pace
Of the S&P 500’s 11 major sectors utilities .SPLRCU was the biggest laggard, down 3.6%, followed by materials .SPLRCM and financials .SPSY, with declines of more than 2%.
Walt Disney Co shares fell 3% after it said it would furlough some U.S. employees this month, while sources said luxury retailer Neiman Marcus was stepping up preparations to seek bankruptcy protection. On U.S. exchanges 11.57 billion shares changed hands compared with the 15.75 billion average for the last 20 sessions.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Wall Street falls as coronavirus ends record job growthWall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end due to the coronavirus, confirming a recession is underway.
Lire la suite »
Wall Street falls as coronavirus cuts into U.S. payrollsWall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession.
Lire la suite »
Wall Street rises for first time in three days as oil spurtsThe price of crude spurted as much as 30 percent higher after President Donald Trump said he expects Russia and Saudi Arabia to back away from their price war,.
Lire la suite »
Wall Street Week Ahead: Investors look to coronavirus data to support stabilizing marketsInvestors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread.
Lire la suite »
Wall Street analysts are still upgrading stocks amid ongoing market volatility, including Twitter and LululemonNew for subscribers: Wall Street analysts are still upgrading stocks amid ongoing market volatility, including Twitter and Lululemon Check out CNBCPro and get your first 30 days free.
Lire la suite »
Dow drops more than 300 points to close out another wild week on Wall StreetStocks fell on Friday to end another volatile week of trading, pressured by a spike in coronavirus-related deaths in New York. The Dow dropped more than 350 points, or 1.7% in wild trading. The S&P 500 dipped 1.5% along with the Nasdaq.
Lire la suite »