US stocks fall as grim economic news highlights coronavirus woes
‘Investors need a strong stomach to stick with stocks through some bad earnings reports in the coming days, weeks and months’
15 April 2020 - 18:20
Bengaluru — Wall Street's main indexes slid 2% on Wednesday, as a dramatic drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression.
US retail sales plunged 8.7% in March, setting up consumer spending for its worst decline in decades, while a separate survey showed manufacturing activity in New York state plunged in April to its lowest since these records began. ..
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