About: http://data.cimple.eu/news-article/50885007b56f09e859d754d258c328142d3bdc76e341597f4d08f135

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks tumbled for a second straight session Tuesday as worries about chaos in the oil market overshadowed progress in Washington on additional relief for small businesses. The Dow Jones Industrial Average finished down more than 630 points, or 2.7 percent, at 23,018.88. The broad-based S&P 500 dropped 3.1 percent to 2,736.56, while the tech-rich Nasdaq Composite Index sank 3.5 percent to 8,263.23. A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory. But the market remained under heavy pressure due to a supply glut as petroleum demand sinks due to coronavirus shutdowns. Besides the shocking and historic turmoil in the oil market, stocks have also been pressured by uncertainty over the coronavirus and when the US caseload will begin to decline, said Art Hogan, chief market strategist at National Securities. A third factor has been a steady stream of announcements by major companies that have withdrawn their profit forecasts due to the unknown timeframe for ending lockdowns. "It's a manifestation of the reminder that we've got a tsunami of bad news in front of us," Hogan said. In the latest bit of poor economic news, sales of existing homes dropped 8.5 percent in March, the biggest single month decline in more than five years, as lockdown measures crimped activity. Stocks did not get a boost from a deal between US lawmakers and the White House on a $480 billion emergency package that replenishes a depleted program to help small businesses devastated by the coronavirus crisis. The agreement marks Washington's latest massive cash injection to prop up the teetering economy amid struggles to contain a pandemic that has killed 43,000 Americans and left millions jobless. Among individual companies, IBM dropped 2.9 percent as it pulled its full-year earnings forecast. Fellow Dow member Coca-Cola, which also withdrew its outlook, shed 2.6 percent. jmb/cs
schema:headline	US stocks end sharply down for 2nd straight day, Dow -2.7%
schema:mentions	IBM S&P 500 Index The Coca-Cola Company Dow Jones Industrial Average Petroleum Tsunami Presidency of Donald Trump Lockdown Pandemic Severe acute respiratory syndrome coronavirus 2 Washington Huskies men's basketball NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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