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About: http://data.cimple.eu/news-article/8d31a60dd61693afc8966d0cb81f1cf88623c938f4f2c01a1e01ad84 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 finished a choppy session mostly lower Wednesday as oil prices fell and fresh US labor data showed another spike in joblessness. The Dow Jones Industrial Average ended down 0.9 percent at 23,664.64, and the broad-based S&P 500 dropped 0.7 percent to finish at 2,848.42. The tech-rich Nasdaq Composite Index added 0.5 percent at 8,854.39. Payrolls firm ADP reported the US private sector lost a staggering 20.2 million jobs last month, in a grim precursor to Friday's official government report. Adding to the dark outlook: the European Commission said the eurozone economy would contract by 7.7 percent in 2020, as the catastrophic consequences of the coronavirus outbreak sweep through the continent. Sentiment was further dimmed as oil prices fell, snapping a five-day streak of gains amid doubts on how fast demand will recover. US data showed an increase in crude stockpiles, but not as big a jump as analysts expected. "The market seems to be running out of steam," said Peter Cardillo of Spartan Capital Securities. "We're starting to see some of the real negative macro news." "As the macro indicators become more of a factor, that's going to create a bit of hesitancy on the part of the investors," Cardillo added. Among individual companies, Disney dipped 0.2 percent as it said it will see an impact of some $1.4 billion from the coronavirus in the current fiscal quarter as a result of a massive hit to its theme parks and other operations. But General Motors jumped 3.0 percent after reporting better-than-expected profits and announcing plans to resume US manufacturing this month, even as net income plunged 86 percent to $294 million. Activation Blizzard surged 6.3 percent as it reported higher profits following heavy use of its games during coronavirus lockdowns, including "Call of Duty: Warzone." Electronic Arts, another gaming company, also reported higher profits, but fell 3.6 percent on disappointment over its forecast. jmb/hs
schema:headline	US stocks end mostly lower as rally shows signs of fatigue
schema:mentions	S&P 500 Index Warzone Collective Eurozone European Commission Dow Jones Industrial Average Fatigue General Motors The Walt Disney Company Rallying Coronavirus Severe acute respiratory syndrome coronavirus 2 Macroeconomics Net income Adenosine diphosphate Electronic Arts Church grim NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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