U.S. stocks tumbled on Wednesday, with the Dow closing at lows last seen in late July, as coronavirus cases soared globally and investors worried about the possibility of a contested U.S. presidential election next week.
Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.
An expected rebound in capital expenditures for U.S. companies could be more at risk, as concerns over the economic recovery and a possible contested U.S. election mount.
Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue.
SoftBank Group CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to "use whatever excuse" to delay a $3 billion payout to the office-sharing startup's shareholders, a court transcript released on Wednesday showed.
Visa Inc missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending.
EBay Inc's quarterly profit topped Wall Street expectations on Wednesday and the e-commerce company forecast fourth-quarter sales above estimates, as people staying at home due to the COVID-19 pandemic took to online shopping.
| S&P » | 3,271.03 | -3.53% |
| Dow » | 26,519.95 | -3.43% |
| FTSE 100 » | 5,582.80 | -2.55% |
| Nikkei 225 » | 23,418.51 | -- |
| US 10YR |
+0.774
|
-0.004 |
| DE 10YR |
-0.625
|
+0.003 |
| JP 10YR |
+0.030
|
+0.005 |
| USD / EUR » | 0.8513 | -0.01% |
| USD / GBP » | 0.7701 | +0.00% |
| USD / JPY » | 104.3200 | +0.03% |