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Equity Markets Set to Face Resistance in Any Moves Higher Until COVID-19 Progress Made, Wells Fargo Says
36 minutes ago, 2:55PM ET 3/30/2020 MT Newswires

Equity markets will face resistance in any climbs higher and are poised to find a trading range until more progress is made on stemming the COVID-19...

Six Flags Expects Parks to Remain Closed Until Mid-May, Slashes Pay for Executives, Full-Time Employees
41 minutes ago, 2:50PM ET 3/30/2020 MT Newswires

Six Flags Entertainment (SIX) on Monday said its theme parks will remain closed until at least mid-May due to local mandates in response to the COVID-19...

Macy's Bringing Headcount Down to 'Absolute Minimum' as Store Closures for COVID-19 Lead to 'Heavy Toll' on Sales
2:19PM ET 3/30/2020 MT Newswires

Macy's (M) will furlough much of its workforce as the COVID-19 pandemic persists, a further blow to the department store operator which was set to use this...

Manufacturing in Texas Sinks in March as COVID-19 Disrupts Production, Dallas Fed Says
1:58PM ET 3/30/2020 MT Newswires

Manufacturing sank in Texas in March as companies indicated that the COVID-19 pandemic has disrupted their operations and outlook, the Federal Reserve Bank...

Oracle Plans to Sell Debt While Moody's Downgrades Credit Rating Amid 'Shareholder-Oriented' Policies
12:49PM ET 3/30/2020 MT Newswires

Oracle (ORCL) outlined plans to sell securities on Monday, prompting Moody's Investors Service to downgrade the credit rating on the enterprise software...

US Stocks Run Higher as Trump Extends Social-Distancing Guidelines; Abbott Rises on OK for Rapid COVID-19 Test
12:44PM ET 3/30/2020 MT Newswires

US stocks advanced Monday, with investors appearing relieved that the US government is adding more time to its social-distancing measures that could help...

Pending Home Sales Unexpectedly Rise in February as All Regions Advance Ahead of COVID-19 Pandemic
12:17PM ET 3/30/2020 MT Newswires

Pending home sales unexpectedly rose in February, just before large swathes of the US economy were shut down due to the COVID-19 pandemic. The National...

Cal-Maine Foods Fiscal Third-Quarter Results Beat Views Despite Falls in Sales, Earnings
10:39AM ET 3/30/2020 MT Newswires

Cal-Maine Foods (CALM) on Monday reported better-than-expected fiscal third-quarter results, even as the egg producer's sales and earnings fell from the...

Stocks Add to Gains in Early US Trading After Stimulus-Fueled Rally While Oil Prices Retreat
10:27AM ET 3/30/2020 MT Newswires

The US benchmarks rose early on Monday, adding to gains made last week even as President Donald Trump said social distancing guidelines to stem the spread...

Goldman Sachs Sees S&P 500 Rising to 3,000 by Year-End But Losses Could Mount in Coming Weeks
9:57AM ET 3/30/2020 MT Newswires

Goldman Sachs is expecting the benchmark Standard & Poor's 500 index to reach 3,000 by the end of the year as company earnings and economic growth rebound...

Market Update

European Equity Benchmarks Close Higher; EU, Euro Area Economic Sentiment Plunges in March
1:06PM ET 3/30/2020 MT Newswires
The broad-based major European indices closed higher Monday to start what is expected to be another volatile week for the stock markets. In economic news, the European Commission's economic sentiment indi... Read more