Wall Street stocks mostly fell Monday ahead of major earnings reports, while the oil market gave a muted response to an historic deal by major producers to cut
Two of the three major US stock indices ended solidly lower ahead of Tuesday, when earnings season begins in earnest with results from JPMorgan Chase, Wells Fargo and other banks.
Some market watchers say the US economy could bounce back relatively quickly once the coronavirus situation is managed, but others warn of a more protracted slowdown due to the risk of second-wave outbreaks. The United States has the most deaths of any country with 22,935, although officials in New York and some other hotspots say the number of new cases has leveled off. US oil prices finished lower, while Brent futures in London gained following Sunday's announcement that major producers would cut production by 9.7 million barrels per day, which some analysts would not be sufficient to buoy prices.
The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and non-OPEC producers foresees output cuts in May and June followed by a gradual rise in production until April 2022.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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