US, WASHINGTON (ORDO NEWS) — Main values to follow on Wednesday on Wall Street where the futures indicate an opening down more than 3%:
* The OIL SECTOR should suffer from the continuous decline in crude oil prices. In the stock exchange exchanges, EXXON MOBIL (NYSE: XOM ) and CHEVRON (NYSE: CVX ) lost 4.5% and 5.2% respectively. CONOCOPHILLIPS, OCCIDENTAL PETROLEUM, SCHLUMBERGER (NYSE: SLB ), HALLIBURTON, TECHNIPFMC and CONTINENTAL RESOURCES were down 4.4% to 9.2%.
* BOEING (NYSE: BA ) on Tuesday called for $ 60 billion in aid to the US aviation industry to help it cope with the impact of the coronavirus epidemic. The title fell by around 16% in trading in avant-Bourse.
* UNITED AIRLINES announced Tuesday a 60% reduction in its flight program for the month of April due to the decline in demand caused by the coronavirus epidemic worldwide.
* TESLA – A spokesperson for the San Francisco area county alameda Sheriff’s office concerned with the containment measures said Tuesday that Tesla (NASDAQ: TSLA ) could not continue operations at its local factory, the largest automaker in the United States.
* FEDEX (NYSE: FDX ) – The US express and logistics group abandoned its 2020 financial forecast on Tuesday, citing the “significant” impact of the coronavirus crisis on its business, and announced it will reduce costs to deal with the uncertainties created by the pandemic. The share lost 4.7% in avant-Bourse.
* MACY’S decided on Tuesday to temporarily close all of its stores in the United States due to the coronavirus pandemic, but said its online store continued to operate.
* GAP (NYSE: GPS ) announced on Wednesday the closure of all its stores for two weeks in order to stem the spread of the coronavirus.
* GENERAL MILLS (NYSE: GIS ) – The food group raised its forecast for adjusted earnings growth for 2020 on Wednesday, as demand for its products has increased significantly with the confinement of households in North America and Europe.
* HYATT HOTELS, MARRIOTT INTERNATIONAL (NASDAQ: MAR ) and HILTON WORLDWIDE HOLDINGS lost between 8% and 11.4% in avant-Bourse. The hospitality industry predicts a loss of $ 1.4 billion in revenue each week due to the coronavirus epidemic.
* LYFT – JPMorgan (NYSE: JPM ) lowers its target price to 44 dollars against 85 dollars. The title yields 9.4% in trading in avant-Bourse.
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