US stocks slid on Monday after the S&P 500 completed its best weekly gain since 1974. Investors worry about the earnings reports set to detail the extent of the coronavirus' hit to corporate profits.
inched less than 0.5% higher. The deal between OPEC allies serves marks a major de-escalation in the weeks-long oil price war between the two parties and lifted significant downward pressure on the commodity.
The agreement calls for a global production cut of 9.7 million barrels per day, landing just below the 10 million barrels per day target proposed by President Donald Trump before the meeting.Terri Spath's funds kept client money safe during the coronavirus rout, financial crisis, and tech bubble. Here's how she's done it, and how she's already prepared to make a killing in the aftermath.
Monday's stock-market decline follows the S&P 500's 12% gain last week, its best since 1974. The shortened trading week saw $2.3 trillion in fresh stimulus from the Federal Reserve, talks of a stage-four relief bill, and slowing infection rates in some of the US's largest virus hotspots.from the previous week's 6.7 million reading, bringing the rolling three-week total to an unprecedented 17 million filings.
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Meatpacking giant closes South Dakota plant 'indefinitely' after almost 300 employees test positive for COVID-19Smithfield Foods announced it would close one of the United States' largest pork processing plants until further notice in a statement released Sunday.
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Dow futures slide more than 100 points as investors weigh coronavirus and oil outlookU.S. stock futures were flat on Sunday night after OPEC and other oil-producing countries reached a deal on a massive production cut.
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Bank Stocks Are in a Ditch. Earnings Won’t Change That.When U.S. banks report first-quarter earnings this week, investors will get the best impression yet of how the coronavirus pandemic is weighing on the U.S. financial sector.
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Dow futures slide more than 100 points as investors weigh coronavirus and oil outlookU.S. stock futures were flat on Sunday night after OPEC and other oil-producing countries reached a deal on a massive production cut.
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Weekend reads: All the benefits and financial help you can get during the coronavirus crisisAlso, how businesses adjust during the coronavirus pandemic and investment ideas in a down market.
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