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-0.00174947515745279 -0.00174947515745279 -0.00489853044086776 -0.00419874037788667 -0.00489853044086776 -0.00559832050384885 -0.00489853044086776 -0.00419874037788667
Stock impact report

US STOCKS-Wall St falls after gloomy economic data, bank earnings [Reuters]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Reuters
Wall Street falls after gloomy economic data, bank earnings (Reuters) - U.S. stocks fell on Wednesday as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak. The S&P energy sector .SPNY slumped as oil prices sank after reports suggested persistent oversupply and collapsing global demand. The banking subsector .SPXBK fell as the biggest U.S. lenders set aside billions of dollars to prepare for an expected flood of loan defaults as the coronavirus pandemic all but halted business activity. The flight from risky assets also hit Treasury yields. Shares of Bank of America ( BAC.N ) and Citigroup Inc ( C.N ) dropped as they joined JPMorgan Chase & Co ( JPM.N ) and Wells Fargo & Co ( WFC.N ) in reporting a slump in first-quarter profits. In further evidence of economic damage from the outbreak, U.S. retail sales plunged 8.7% in March, manufacturing output dropped by the most in over 74 years and a survey showe Show less Read more
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