Rechercher
  • cedric lefebvre

Monday, 13th April 2020

Lesson of the day: Bear markets “typically have three phrases — you get panic, the relief rally and then you get frustration,” he told MarketWatch in a Monday interview. “We’re just entering the frustration part, which is the epic battle between monetary policy and economic damage.”


Top decliners: Dow jones: Caterpillar and American express


Top performer: Shares of Amazon rallied 5.0% in midday trading Monday, after the e-commerce and cloud giant said it was hiring 75,000 more employees, in addition to the 100,000 it already hired, to help meet increased demand. The company said it now expects to invest more than $500 million in payroll increases, up from a previous estimate of $350 million.mazon said it was increasing capacity for grocery delivery from Amazon Fresh and Whole Foods Market "as quickly as possible," with focus on "high-priority" items such as household staples and medical supplies.


Market news:

· Ford Motor Co. on Monday warned about lower sales in the first quarter as the coronavirus pandemic snuffs out demand for autos, with investors bracing for possible, similar announcements from General Motors Co. and Tesla Inc.

· Ford F, -3.90% shares traded as low as $5.10 on Monday, set to snap a four-day winning streak and on pace for their largest percent decrease since April 1. The stock is down 46% in the past 12 months, compared with losses around 6% for the S&P 500 index. SPX, -1.28%

·

That would compare with sales of $40 billion in the first quarter of 2019 and analyst expectations for $37 billion in sales for the January-through-March quarter.

0 vue

0632179998

©2020 par CEDRIC LEFEBVRE. Créé avec Wix.com