About: http://data.cimple.eu/news-article/077ca95371b796c552696b5c6c6d8b4b981c0e490444cdb55623c078

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About: http://data.cimple.eu/news-article/077ca95371b796c552696b5c6c6d8b4b981c0e490444cdb55623c078 Goto Sponge NotDistinct Permalink

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 mostly fell Monday ahead of major earnings and economic reports that will shed new light on the hit from coronavirus shutdowns on business conditions and jobs. The Dow Jones Industrial Average dropped 1.4 percent to 23,390.77. The broad-based S&P 500 shed 1.0 percent to 2,761.63, while the tech-rich Nasdaq Composite Index added 0.5 percent at 8,192.42. Earnings season begins in earnest Tuesday with first-quarter reports from JPMorgan Chase and Wells Fargo, which will be followed later in the week by other banking giants. The reports will be among the first to show the effects of the near-overnight shutdown on much of the US economy in an effort to limit the spread of the coronavirus. Some market watchers say the US economy could bounce back relatively quickly once the coronavirus situation is managed, but others warn of a more protracted slowdown due to the risk of second-wave outbreaks. Ken Leon, a banking analyst at CFRA Research, said a key vulnerability for financial giants will be weak loan quality among commercial real estate clients, although he expects more pain to come in the second quarter. Shares of some large banks fell more than three percent as investors also gird for a negative hit from persistently lower interest rates. Airlines were another loser, with American Airlines, United Airlines and others losing at least seven percent amid uncertainty over industry talks with US Treasury officials on terms of a federal bailout. Petroleum-linked shares were mixed as investors assessed a massive agreement by OPEC and other oil producers to slash production in the wake of the economic hit from the coronavirus. Dow member Caterpillar slumped 8.7 percent following a downgrade from Bank of America Merrill Lynch that cited the industrial company's exposure to the energy sector. This week's economic reports include critical data on March retail sales, as well as the weekly jobless claims. jmb/cs
schema:headline	Dow, S&P 500 end lower ahead of earnings reports, Nasdaq gains
schema:mentions	S&P 500 Index Jobless claims JPMorgan Chase This Week (American TV program) OPEC United States Department of the Treasury Wells Fargo World energy consumption Dow Jones Industrial Average Bailout American Airlines Industry United Airlines Pain Severe acute respiratory syndrome coronavirus 2 Group for the Study of Reactive Motion BofA Securities CFRA Caterpillar Inc. Second-wave feminism NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)

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