Blue-Chip Can't Capitalize on Earnings Beat

The U.S. and China are in dispute over the coronavirus origins

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5/04/2020

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Stock Futures Grounded With Airline Sector

By Patrick Martin
Share On

Dow Jones Industrial Average (DJI) futures are poised to open the week with a triple-digit move below fair value. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also bracing for sharp losses, as investors eye a crumbling airline sector, grounded after Warren Buffett's Berkshire Hathaway dumped all of its airline sector holdings. Wall Street is also wary of a newly developing rift between the U.S. and China, as officials from the two superpowers trade barbs over the origins and handling of the coronavirus.

Continue reading for more on today's market, including: 

  • Chevron stock couldn't capitalize on an earnings beat last week.
  • The same could be said for this makeup retailer.
  • Plus, Tyson Foods reports earnings whiff; Disney downgraded; and GM hurt by weak April auto sales.
>> Continue reading...
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