15-04-2020 22:04 via feedproxy.google.com

Dow dives 445 points as earnings results hint at massive coronavirus impact

All three major US stock indexes tumbled on Wednesday as retail-sales data and quarterly earnings reports reflected the harm of the coronavirus outbreak.
Shares of Goldman Sachs, Citigroup, and Bank of America slipped after all three firms reported quarterly profit declines of at least 45%.
The Commerce Department announced that retail sales plunged by 8.7% in March, the biggest drop since the department began tracking the data in 1992.
WTI crude oil slipped to $19.20 per barrel at intraday lows
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