Global Stock Markets Fall as Oil’s Bizarre Slide Continues: Live Updates [The New York Times]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: The New York Times
Here’s what you need to know:ImageA cashier in Tokyo’s Shibuya district on Friday.Credit...Noriko Hayashi for The New York TimesGlobal stocks fell on Tuesday on expectations of more bad news from companies disclosing the financial hits they have taken from the coronavirus pandemic.Major European markets were 1 percent to 3 percent lower after a similar drop in Asia. Futures markets predicted a decline in the United States later Tuesday, a day after stocks there fell 1.8 percent.Monday’s stock moves in New York were exacerbated by turmoil in the oil markets, as the price of one oil benchmark dipped below zero, meaning some holders were ready to pay people to take a barrel off their hands.While quirks in how oil is traded accounted for a lot of the move — the negative price was tied to contracts for benchmark U.S. crude to be delivered in May — it still reflected low global demand for fuel, signaling predictions that much of the world’s economy will remain frozen for some time, and the
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