Stock market news live: Stocks boosted by Trump stimulus plans

Stocks surged on Tuesday, offering some respite from the prior session’s gruesome sell-off that saw the Dow Jones Industrial Average post its largest-ever point drop, and its worst sell-off on a percentage basis since Black Monday of 1987.

[Read more: Coronavirus jitters send Dow swooning to worst-ever point loss, closes at near 3-year low]

The coronavirus pandemic continues to keep investors on edge, as one major economy after the other shuts its borders to stem the outbreak. And Tuesday’s move was not enough to undo the damage wrought by a viral outbreak that has a stranglehold on the world’s economy — and driven stocks from record highs to a bear market in just under a month.

Worldwide, the total of coronavirus infections is creeping inexorably toward 200,000 — with over 5,000 alone in the U.S. — amid a death total that is closing in on 8,000.

Volatility stemming from the outbreak has seen the Dow move up or down by 1000 points or more for 7 straight days, and 11 times total in the last month, according to Yahoo Finance data. Based on the stock market’s historically steep declines over the past few weeks, market participants have already priced in a recession, according to Fundstrat head of research Tom Lee.

“Over the past month, equity markets and financial assets broadly, have been attempting to price in the dual shock of a pandemic and the sudden collapse in oil prices (which is viewed by markets as negative given effect on high-yield and drilling-related GDP),” Lee wrote in a note late Monday. 

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Coronavirus outbreak in the U.S.
Vice President Mike Pence points to a question as he speaks during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House, Sunday, March 15, 2020, in Washington. (AP Photo/Alex Brandon)
Tyler Baldwin mops the floor after closing for the night at the Taproom at Pike Place, Sunday, March 15, 2020 where he works as a bartender in Seattle. Washington Gov. Jay Inslee said Sunday night that he would order all bars, restaurants, entertainment and recreation facilities in the state to temporarily close to fight the spread of coronavirus, as Washington state has by far the most deaths in the U.S. from the disease. Baldwin said he closed more than an hour early Sunday after he heard the announcement. (AP Photo/Ted S. Warren)
A freeway sign urging people to wash their hands to avoid the COVID-19 virus is seen along the 101 Ventura freeway Sunday, March 15, 2020, in Westlake Village, Calif. (AP Photo/Mark J. Terrill)
Shelves are emptied of paper toilet and product supplies at a Safeway store in Phoenix on Sunday, March 15, 2020. Arizona's governor and school superintendent on Sunday ordered a statewide closure of schools through at least March 27 as authorities rush to contain the outbreak of the new coronavirus. (AP Photo/Brian Skoloff)
A store vendor wears a face mask as she waits for customers in Chinatown in New York, on Sunday, March 15, 2020. President Donald Trump on Sunday called on Americans to cease hoarding groceries and other supplies, while one of the nation's most senior public health officials called on the nation to act with more urgency to safeguard their health as the coronavirus outbreak continued to spread across the United States.(AP Photo/Wong Maye-E)
Workers from a Servpro disaster recovery team wearing protective suits and respirators are given supplies as they line up before entering the Life Care Center in Kirkland, Wash., to begin cleaning and disinfecting the facility, Wednesday, March 11, 2020. The nursing home is at the center of the coronavirus outbreak in Washington state. For most people, the virus causes only mild or moderate symptoms. For some it can cause more severe illness, especially in older adults and people with existing health problems. (AP Photo/Ted S. Warren)
March 11th 2020 - Tom Hanks and Rita Wilson have tested positive for the novel coronavirus. - File Photo by: zz/KGC-11/STAR MAX/IPx 2016 9/9/16 Tom Hanks and Rita Wilson at The 5th Biennial Stand Up To Cancer (SU2C). (Los Angeles, CA)
NBA referee Marc Davis, left, takes a phone call as fellow referee Justin Van Duyne stands next to Davis before the basketball game between the New Orleans Pelicans and Sacramento Kings was postponed at the last minute in Sacramento, Calif., Wednesday, March 11, 2020. The league said the decision was made out of an "abundance of caution," because official Courtney Kirkland, who was scheduled to work the game, had worked the Utah Jazz game earlier in the week. A player for the Jazz tested positive for the coronavirus. (AP Photo/Rich Pedroncelli)
NBA referee Marc Davis leaves the court after the the NBA basketball game between the Sacramento Kings and the New Orleans Pelicans was postponed at the last minute in Sacramento, Calif., Wednesday, March 11, 2020. The postponement was due to what the league said was an "abundance of caution," because official Courtney Kirkland, who was scheduled to work the game, had worked the Utah Jazz game earlier in the week. A player for the Jazz tested positive for the coronavirus. (AP Photo/Rich Pedroncelli)
From left Ellie Unruh, Abbie Unruh, Zoe Yates, and Evi Yates bump elbows instead of high-fives while playing volleyball at a local park Sunday, March 15, 2020, in Gilbert, Ariz. The girls were playing with friends after their respective volleyball clubs and teams practices and games were canceled statewide due to the COVID-19 coronavirus. Arizona Gov. Doug Ducey announced earlier in the day that all schools and sports throughout Arizona are temporarily closed through March 27th challenging some parents to get creative in keeping their kids active. (AP Photo/Matt York)
A basketball fan walks past a sign on how to decrease the risk of catching the coronavirus outside a restroom at the American Airlines Arena during the first half of an NBA basketball game between the Miami Heat and the Charlotte Hornets, Wednesday, March 11, 2020, in Miami. (AP Photo/Wilfredo Lee)
President Donald Trump speaks in an address to the nation from the Oval Office at the White House about the coronavirus Wednesday, March, 11, 2020, in Washington. (Doug Mills/The New York Times via AP, Pool)
FILE PHOTO: Voters cast their ballot in the Democratic primary election in Houston
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York
Judie Shape, left, who has tested positive for the coronavirus, waves to her daughter, Lori Spencer, right, Wednesday, March 11, 2020, as they visit on the phone and look at each other through a window at the Life Care Center in Kirkland, Wash., near Seattle. In-person visits are not allowed at the nursing home. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/Ted S. Warren)
Judie Shape, center, who has tested positive for the coronavirus, blows a kiss to her son-in-law, Michael Spencer, left, as Shape's daughter, Lori Spencer, right, looks on, Wednesday, March 11, 2020, as they visit on the phone and look at each other through a window at the Life Care Center in Kirkland, Wash., near Seattle. In-person visits are not allowed at the nursing home. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/Ted S. Warren)
As President Donald Trump listens, Vice President Mike Pence speaks in the briefing room of the White House in Washington, Monday, March, 9, 2020, about the coronavirus outbreak. (AP Photo/Carolyn Kaster)
Yirmeyahu Gourarie performs a Purim reading from the Book of Esther for residents under self-quarantine due to potential exposure to the new coronavirus, Monday, March 9, 2020, in New Rochelle, N.Y. In Westchester County, student volunteers from a Jewish secondary school were fanning out in teams to read the megillah on Monday evening and during the day Tuesday outside the homes of about 120 families from the community who are quarantined. (AP Photo/John Minchillo)
This March 9, 2020, image provided by Carolyn Wright, a passenger aboard the Grand Princess, shows the disembarkation of the passengers from the cruise ship which is docked in Oakland, Ca. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Courtesy of Carolyn Wright via AP)
Tim Killian, center, a spokesman for Life Care Center in Kirkland, Wash., talks to reporters, Monday, March 9, 2020, at the facility near Seattle. The nursing home is at the center of the outbreak of COVID-19 in Washington state. (AP Photo/Ted S. Warren)
A sign stands next to a sanitizing station at the entrance of the Vivint Smart Home Arena before an NBA basketball game between the Toronto Raptors and the Utah Jazz, Monday, March 9, 2020, in Salt Lake City. (AP Photo/Rick Bowmer)
Workers prepare a wharf at the Port of Oakland to receive the Grand Princess in Oakland, Calif., Sunday, March 8, 2020. The cruise ship, miles off the port Sunday, is expected to dock Monday for novel coronavirus quarantine after multiple people tested positive for the virus. (AP Photo/Noah Berger)
En esta imagen tomada de un video cortesía de la Guardia Nacional de California, un helicóptero del 129no batallón de rescate sobrevuela el crucero Gran Princess frente a las costas de California, el jueves 5 de marzo de 2020. (Guardia Nacional de California vía AP)
In this image from video, provided by the California National Guard, airmen with the 129th Rescue Wing drop virus testing kits down to the Grand Princess cruise ship off the coast of California Thursday, March 5, 2020. Scrambling to keep the coronavirus at bay, officials ordered a cruise ship with 3,500 people aboard to stay back from the California coast Thursday until passengers and crew can be tested, after a traveler from its previous voyage died of the disease and at least two others became infected. The California National Guard 129th Rescue Wing lowered test kits onto the 951-foot (290-meter) Grand Princess by rope as the vessel lay at anchor off Northern California, and authorities said the results would be available on Friday. Princess Cruise Lines said fewer than 100 people aboard had been identified for testing. (California National Guard via AP)
Passengers look out from balconies aboard the Grand Princess as it cruises a holding pattern about 25 miles off the coast of San Francisco on Sunday, March 8, 2020. The ship is expected to dock in Oakland in the east San Francisco Bay on Monday. California Gov. Gavin Newsom and the mayor of Oakland sought Sunday to reassure the public that none of the passengers from the ship with multiple cases of the new coronavirus will be released into the public before undergoing a 14-day quarantine. (AP Photo/Noah Berger)
Carrying multiple people who have tested positive for COVID-19, the Grand Princess maintains a holding pattern about 30 miles off the coast of San Francisco, Sunday, March 8, 2020. The cruise ship is scheduled to dock at the Port of Oakland on Monday. (AP Photo/Noah Berger)
A man wears a mask aboard the Grand Princess as it maintains a holding pattern about 25 miles off the coast of San Francisco on Sunday, March 8, 2020. The cruise ship is scheduled to dock at the Port of Oakland on Monday for COVID-19 quarantine after 21 people tested positive for the virus. (AP Photo/Noah Berger)
SPRINGFIELD, VA - MARCH 7: Local Target store in the D.C area depleted of cleaning and sanitizing supplies and left with empty shelves as fear grow of COVID-19 (the coronavirus) reports increasing on March 7, 2020 in Springfield, Virginia. Credit: mpi34/MediaPunch /IPX
SPRINGFIELD, VA - MARCH 7: Local Target store in the D.C area depleted of cleaning and sanitizing supplies and left with empty shelves as fear grow of COVID-19 (the coronavirus) reports increasing on March 7, 2020 in Springfield, Virginia. Credit: mpi34/MediaPunch /IPX
The headquarters for Centers for Disease Control and Prevention is shown on Friday, March 6, 2020 in Atlanta, Georgia. President Donald Trump's trip to the Centers for Disease Control and Prevention, briefly scuttled Friday because of unfounded fears that someone there had contracted the coronavirus, was back on, giving the president another chance to calm growing alarm about the spread of the virus in America. (AP Photo/ Ron Harris)
An ambulance backs into a parking lot, Friday, March 6, 2020, at the Life Care Center in Kirkland, Wash., which has become the epicenter of the COVID-19 coronavirus outbreak in Washington state. This ambulance left the facility after a short time and did not transport a patient. (AP Photo/Ted S. Warren)
Ambulance workers move a man on a stretcher from the Life Care Center in Kirkland, Wash. into an ambulance, Friday, March 6, 2020. The facility is the epicenter of the outbreak of the the COVID-19 coronavirus in Washington state. (AP Photo/Ted S. Warren)
A woman uses protective gloves as she looks at her phone wrapped in a plastic bag while riding a New York City subway train, Monday, March 9, 2020. (AP Photo/Richard Drew)
Secretary of Health and Human Services Alex Azar looks on as President Donald Trump shows a spending bill to combat the Coronavirus, at the White House, Friday, March 6, 2020, in Washington. (AP Photo/Evan Vucci)
President Donald Trump holds a photograph of coronavirus as Dr. Steve Monroe,right, with CDC speaks to members of the press at the headquarters of the Centers for Disease Control and Prevention in Atlanta on Friday, March 6, 2020. President Trump's trip to the Centers for Disease Control and Prevention, briefly scuttled Friday because of unfounded fears that someone there had contracted the coronavirus, was back on, giving the president another chance to calm growing alarm about the spread of the virus in America. (Hyosub Shin/Atlanta Journal-Constitution via AP)
Photo by: John Nacion/STAR MAX/IPx 2020 3/6/20 People wear masks to protect themselves from the Corona Virus in New York City.
Photo by: John Nacion/STAR MAX/IPx 2020 3/6/20 People wear masks to protect themselves from the Corona Virus in New York City. Shoppers have cleared store shelves of sanitizing products.
Vice President Mike Pence, left, arrives with Debi Birx, center, White House coronavirus response coordinator, and Robert Redfield, right, director of the CDC, Thursday, March 5, 2020, at Joint Base Lewis-McChord in Washington state for a visit with state officials. (AP Photo/Ted S. Warren)
Vice President Mike Pence greets Washington Gov. Jay Inslee, left, as Pence arrives, Thursday, March 5, 2020 at Joint Base Lewis-McChord in Washington state. Officials are avoiding handshakes due to the COVID-19 coronavirus. (AP Photo/Ted S. Warren)
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Nevertheless, markets rallied sharply in Tuesday’s session as the Trump administration discussed further measures to help the American people and companies most hurt by the fall-out from the coronavirus pandemic, which may top $1 trillion.

Treasury Secretary Steven Mnuchin said during a White House press briefing that “the president wants to give cash now” to the public, and is discussing doing so in the next two weeks. He also said the administration “believes in keeping the markets open,” but is considering shortening market hours eventually amid the outbreak.

A day earlier, President Donald Trump had offered a grim assessment of the COVID-19 crisis, acknowledging that the U.S. “may be” heading toward a recession, and social distancing measures could drag on well into the summer months.

The U.S. government, however, has also underscored a willingness to provide at least some aid to individuals and corporations most affected by the outbreak to soften the blow to the economy as much as possible. Trump has vowed to “back the airlines 100%,” with air carriers having been hit hard by a steep drop-off in travel demand and in desperate need of government aid to survive.

In Congress, the House of Representatives unanimously passed a revised multi-billion coronavirus emergency bill Monday evening and sent it up to the Senate for a vote. The package would include at least $750 billion to combat disruptions from the coronavirus outbreak, providing funds for hospitals, expanded unemployment insurance, small businesses and food aid.

The situation overseas also continues to evolve, with the entire European Union following moves made by Italy, Spain and France to shut their borders. In North America, Canada closed its borders to most non-residents, offering some exemptions including for U.S. citizens.

As travel grinds to a halt, economists are increasingly bracing for a major hit to global GDP growth in 2020.

“In a realistic scenario where travel and tourism dropped by 50% in four or five months, annual global GDP growth would be reduced by about 0.7 percentage points,” Jennifer McKeown, head of global economics service as Capital Economics, wrote in a note Tuesday. “Indirect effects or disruption to domestic travel could make the hit even harder. What’s more, the strain on insurers and airlines is adding to the risk of a financial crisis.”

4:00 p.m. ET: Stocks claw back from the ‘new Black Monday’

Investors cheered President Donald Trump’s aggressive plan to backstop the U.S. economy with fiscal stimulus worth a reported $1 trillion, and the Federal Reserve’s latest bid to shore up stressed financial markets amid the worldwide spread of the coronavirus.

Here’s where major benchmarks ended the day:

  • S&P 500 (^GSPC): +142.73 (+5.98%) to 2,528.86

  • Dow (^DJI): +1,048.49 (+5.19%) to 21,237.01

  • Nasdaq (^IXIC): +430.19 (+6.23%) to 7,334.78

  • Crude (CL=F): -$1.77 (-6.17%) to $26.93 a barrel

  • Gold (GC=F): +$49.30 (+3.32%) to $1,535.80 per ounce

  • 10-year Treasury (^TNX): +26.9 bps to yield 0.9970%

 

3:00 p.m. ET: Goldman sees oil hitting $20 per barrel

Crude (CL=F), which has been walloped by the coronavirus crisis and the Russian-Saudi price war, may not see selling relief anytime soon. Goldman Sachs said on Tuesday that it was slicing its forecast for Brent to $20, from $30 per barrel previously:

"The oil demand collapse from the spreading coronavirus looks increasingly sharp, with many [developing] economies implementing quarantines. With no change to our view that low-cost producers have embarked on a rational recapture of lost market share, our lower demand forecast now far exceeds high-cost production declines. This is leading us to now base-case our prior downside scenario of a fall in oil prices..."

2:45 p.m. ET: NYC Mayor tells citizens to be prepared to stay home

New York City Mayor Bill de Blasio told citizens that a “shelter-in-place” order could be announced within days, despite Governor Andrew Cuomo dismissing the legality of such an idea earlier in the day. If the mayor wins the argument, it means New Yorkers may not be able to leave their homes for an extended period of time.

1:00 p.m. ET: United Auto Workers seeking 2-week shutdown

As major swaths of the economy shut down to combat the COVID-19 surge, the UAW is seeking a moratorium on workers reporting for duty to the Big 3 auto makers (Fiat-Chrysler, General Motors and Ford). It comes as an increasing number of cities and states force the closure of cultural gathering places to prevent community spreading of the coronavirus.

According to Reuters:

UAW President Rory Gamble in a letter to members seen by Reuters said General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV were not willing to do so and instead asked "for 48 hours to put together plans to safeguard workers in their facilities." The UAW said that period expires later today and the union will "evaluating what the companies submit today."

FCAU, GM and F were all lower in Tuesday afternoon trading.

12:00 p.m. ET: Stocks jump to fresh session highs

Investors are trying to shake off the pandemic blues, taking major Wall Street benchmarks to fresh session highs, as President Donald Trump and Treasury Secretary Steve Mnuchin talk up the federal government’s response to the COVID-19 crisis. Plans include a way to transfer cash to Americans “immediately” as entire swaths of the economy shut down.

“Americans need cash now and the president wants to give cash now,” Mnuchin said. “And I mean now, in the next two weeks.”

Here’s where the major benchmarks traded as of noon ET:

  • S&P 500 (^GSPC): 2,510.16, up 124.03 or 5.20%

  • Dow (^DJI): 20,947.57, up 759.05 or 3.76%

  • Nasdaq (^IXIC): 7,325.62, up 421.03 or 6.10%

11:00 a.m. ET: Boeing sinks to 6-year low

The one-two punch of the 737 MAX fiasco and the coronavirus pandemic has pushed Boeing’s stock (BA) to its lowest in over six years. Both the aerospace giant and the airlines that serve as its customers are seeking federal assistance as the COVID-19 crisis pummels supply chains and worldwide demand.

Boeing’s stock, traded on the New York Stock Exchange and one of the Dow’s (^DJI) 30 components, tumbled by over 15% on the day to under $110 per share.

10:45 a.m. ET: Federal Reserve relaunches Commercial Paper Funding Facility in move to help businesses get short-term funding

The Federal Reserve said Tuesday it will reestablish its financial crisis-era Commerce Paper Funding Facility, a program helping give U.S. companies increased access to financing amid disruptions due to the coronavirus outbreak.

“The commercial paper market has been under considerable strain in recent days as businesses and households face greater uncertainty in light of the coronavirus outbreak,” the Fed said in a statement.

The program will establish a special purpose vehicle (SPV) that will purchase unsecured and asset-backed commercial paper from eligible companies as long as the paper is rated A1/P1 as of March 17. The facility will be available to companies across various industries and was opened with the approval of the U.S. Treasury, which will provide $10 billion of credit protection from its Exchange Stabilization Fund, the Fed said.

“By eliminating much of the risk that eligible issuers will not be able to repay investors by rolling over their maturing commercial paper obligations, this facility should encourage investors to once again engage in term lending in the commercial paper market,” the central bank said. “An improved commercial paper market will enhance the ability of businesses to maintain employment and investment as the nation deals with the coronavirus outbreak.”

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10:11 a.m. ET: Stocks lose steam, Dow turns negative

The three major indices’ earlier advances were short-lived, with the S&P 500 and Nasdaq quickly cutting gains and the Dow turning slightly negative about 30 minutes into Tuesday’s session. The Dow was off 0.06%, or 11.28 points, as of 10:11 a.m. ET.

10:00 a.m. ET: Homebuilder sentiment dips more than expected in March

Sentiment for single-family homebuilders in the U.S. declined slightly more than expected March, in a survey that captured just the very early impacts of the COVID-19 outbreak on builders’ confidence.

The National Association of Home Builders housing market index dropped two points to 72 in March from February, representing a still relatively high level. Consensus economists had expected the index to drop just one point to 73, according to Bloomberg data.

Half of the responses for the survey were collected prior to March 4, however, so the most recent impacts from the coronavirus on U.S. stocks and economic data were not entirely taken into account.

“The rising economic impact of the coronavirus will be reflected more in next month's report," NAHB chief economist Robert Dietz said in a statement.

"Overall, 21% of builders in the survey report some disruption in supply due to virus concerns in other countries such as China,” he added. “However, the incidence is higher among builders who responded to the survey after March 6, indicating that this is an emerging issue."

9:36 a.m. ET: Stocks open higher as Wall Street in an at least momentary pause from selling

U.S. stocks opened higher Tuesday morning, with each of the three major indices up more than 1.5%. The Dow added 300 points, but was still far from recovering its near 3,000-point loss from Monday’s session alone.

Here were the main moves in markets, as of 9:30 a.m. ET:

  • S&P 500 (^GSPC): 2,431.01, up 44.88 or +1.88%

  • Dow (^DJI): 20,494.77, up 306.25 or +1.52%

  • Nasdaq (^IXIC): 6,983.86, up 101.38 or +1.47%

  • Crude (CL=F): $28.59 per barrel, down $0.11 or -0.38%

  • Gold (GC=F): $1,486.40 per ounce, off -$0.10 or -0.01%

  • 10-year Treasury (^TNX): yielding 0.794%, up 6.6 basis points

9:25 a.m. ET: Wall Street is already declaring a global recession

Stock’s ugly bear market, combined with the resulting shut-downs of major economies, has made Wall Street analysts waste no time in declaring a global recession. Within the last day or so, S&P, Morgan Stanley, Barclays and Goldman Sachs have all predicted the world will see at least 2 quarters of negative GDP print as the COVID-19 crisis morphs from bad to worse in the Western world.

"The initial data from China suggests that its economy was hit far harder than projected, though a tentative stabilization has begun," S&P Global's Chief Economist Paul Gruenwald said in a statement Tuesday. "Europe and the U.S. are following a similar path, as increasing restrictions on person-to-person contacts presage a demand collapse that will take activity sharply lower in the second quarter before a recovery begins later in the year."

9:00 a.m. ET: Saudis to open oil spigots

Making good on its unspoken promise to use low oil prices to its advantage, Saudi Arabia announced a plan to ramp up daily exports to a record 10 million barrels. This comes barely a week since its agreement with Russia ended in shambles, and sent crude prices through the floor.

8:30 a.m. ET: U.S. retail sales unexpectedly drop 0.5% in February, missing expectations

U.S. retail sales unexpectedly declined in February as the coronavirus outbreak began to escalate domestically, underscoring a deeper than expected early economic hit from the pandemic.

Headline retail sales dropped 0.5% month on month in February, nearly fully reversing January’s upwardly revised 0.6% gain, the Census Bureau said Tuesday. Consensus economists had expected retail sales to rise 0.2%.

The drop was led by a 2.8% decline in gas sales amid a broad slump in energy prices in February. Electronics and appliance stores also posted large losses, with sales down 1.4% over last month.

Excluding more volatile auto and gas sales, retail sales dropped 0.2%, versus a rise of 0.3% expected. In January, retail sales excluding autos and gas had risen 0.7%.

8:15 a.m. ET: L Brands closes stores, withdraws guidance amid coronavirus outbreak

L Brands, the parent company of Bath & Body Works and Victoria’s Secret, will temporarily close all of its U.S. and Canada retail locations Tuesday through March 29.

“With the wellbeing of its customers, associates and communities as its top priority, and to help limit the spread of the Coronavirus, L Brands will temporarily close all Bath & Body Works, Victoria’s Secret and PINK stores in the United States and Canada, effective March 17 through March 29, 2020,” the company said in a statement Tuesday.

All employees will continue to receive pay and benefits during the closure period, the company said.

The company also withdrew its previously issued earnings guidance, which had been for a 2020 adjusted loss of about 5 cents per share.

7:57 a.m. ET: Stock futures up slightly in early trading

Futures for each of the three major indices were up slightly Tuesday morning, stabilizing after Monday’s steep declines.

Here were the main moves in markets, as of 7:58 a.m. ET Tuesday:

  • S&P 500 futures (ES=F): 2,428.00, up 11.75 points or +0.49%

  • Dow futures (YM=F): 20,375, up 114 points or +0.56%

  • Nasdaq futures (NQ=F): 7,115.25, up 57.75 points or +0.82%

  • Crude oil (CL=F): $29.12 per barrel, up $0.42 or 1.46%

  • Ten-year Treasury note: yielding 0.778%, up 5 basis points

 

 

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