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-0.00223863890754424 -0.000391761808820199 -0.00201477501678971 0.0019028430714126 -0.00307812849787336 0.00414148197895685 0.00369263487799412 0.00470114170584287
Stock impact report

WRAPUP 1-U.S. existing home sales dive; prices still strong [Reuters (UK)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
U.S. existing home sales dive; prices still strong - Reuters 5 Min Read WASHINGTON (Reuters) - U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, supporting analysts’ views that the economy contracted sharply in the first quarter. The slump in home resales reported by the National Association of Realtors (NAR) on Tuesday added to a pile of dismal March reports in illustrating the economic havoc from the coronavirus outbreak, which has thrown millions out of work. Economists believe the economy contracted at its sharpest pace since World War Two in the first quarter. Unemployment in April likely shot above 10%, according to economists’ forecasts. “The virus could have prevented some transactions from being completed late in the month,” said Daniel Silver, an economist at JPMorgan in New York. “Given a range of indicators showing that activity in the ho Show less Read more
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