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-0.00154044452827814 -0.000911691659593194 0.000345814077776706 0.00364676663837278 -0.0064572919613946 -0.01191486686158 -0.01191486686158 -0.01191486686158
Stock impact report

US STOCKS-Wall Street slides as focus shifts to 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 slides as investors brace for dour earnings (Reuters) - U.S. stock markets slipped in subdued trading on Monday after a strong rally last week, as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic. The S&P banking subsector .SPXBK shed 3.8% despite a rise in Treasury yields, as JPMorgan Chase & Co ( JPM.N ) and Wells Fargo & Co ( WFC.N ) prepared to kick off the reporting season on Tuesday, with analysts expecting a bleak outlook for the year. Earnings for S&P 500 firms are expected to tumble 10.2% in the first quarter, compared with a Jan. 1 forecast of a 6.3% rise, before plummeting 22.4% in the second quarter as sweeping lockdowns halt business activity and spark furloughs. “This week will be somewhat of an inkblot test,” said Mike Loewengart, managing director of investment strategy at E*TRADE Financial Corp in New York. “There are multiple ways to read the state of play as earnings roll out, Show less Read more
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