About: http://data.cimple.eu/news-article/8519d3f1452f4468b48ed9eb924bba0f4df7ce387497d7d35a201a89

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks opened solidly higher Tuesday, bouncing back from a lackluster session as major banks kicked off earnings season in the wake of economic hit from coronavirus shutdowns. About 25 minutes into trading, the Dow Jones Industrial Average had gained 2.5 percent to 23,968.76. The broad-based S&P 500 also rose 2.5 percent to 2,829.53, while the tech-rich Nasdaq Composite Index jumped 2.9 percent to 8,433.39. Both JPMorgan Chase and Wells Fargo reported huge declines in first-quarter earnings after setting aside large provisions in case of bad loans. JPMorgan Chief Executive Jamie Dimon said the reserves were needed "given the likelihood of a fairly severe recession." Shares of both banks gained early Tuesday, part of a broad-based rally that lifted all 11 sectors of the S&P 500. Analysts said the gains reflected optimism after officials in New York and some other hotspots described the coronavirus outbreak as stablizing. Officials are beginning to discuss the process to reopen the economy, although the timetable remains highly uncertain. jmb/cs
schema:headline	US stocks open higher as banks report results
schema:mentions	25 Minutes S&P 500 Index JPMorgan Chase Wells Fargo Protest Dow Jones Industrial Average Recession New York City Coronavirus Severe acute respiratory syndrome coronavirus 2 Jamie Dimon Lackluster NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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