European stocks and U.S. futures advanced on Thursday, recovering some lost ground as world leaders take tentative steps to reopen economies hammered by the coronavirus.
Investors trimmed short positions on Asian currencies, a Reuters poll showed, as China tries to jump-start its economy that has been ravaged by the coronavirus pandemic, and as a slew of measures by the U.S. Federal Reserve eased worries about dollar liquidity.
Most Japanese corporations were disappointed by the government's $1 trillion stimulus plan to mitigate the economic fallout from the coronavirus outbreak, saying it is insufficient, and many complained it was too little, too late, a Reuters poll showed.
Australia is likely already deep into its first recession in three decades as entire sectors of the economy are shut to fight the new coronavirus, throwing tens of thousands out of work and threatening the survival of many businesses.
Japanese business confidence plunged to fresh decade lows in April as firms reported widespread damage from the coronavirus pandemic which is threatening to throw the world economy into recession, the Reuters Tankan survey showed on Thursday.
Microsoft (MSFT) closed at $171.88 in the latest trading session, marking a -1.05% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.2%. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
In the latest trading session, Pfizer (PFE) closed at $35.98, marking a -1.26% move from the previous day. This change was narrower than the S&P 500's 2.2% loss on the day. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
In the latest trading session, CVS Health (CVS) closed at $60.56, marking a -1.62% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.2%. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Costco (COST) closed at $310.27 in the latest trading session, marking a -1.23% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.2%. At the same time, the Dow lost 1.86%, and the tech-heavy Nasdaq lost 1.44%.
Spirit (SAVE) closed the most recent trading day at $13.76, moving -0.86% from the previous trading session. This change was narrower than the S&P 500's 2.2% loss on the day. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Starbucks (SBUX) closed at $72.55 in the latest trading session, marking a -1.52% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.2%. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Aytu Bioscience, Inc. (AYTU) closed at $1.55 in the latest trading session, marking a -1.27% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.2%. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Alphabet (GOOGL) closed at $1,257.30 in the latest trading session, marking a -0.63% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.2%. At the same time, the Dow lost 1.86%, and the tech-heavy Nasdaq lost 1.44%.
In the latest trading session, Eli Lilly (LLY) closed at $151.18, marking a +0.05% move from the previous day. The stock outpaced the S&P 500's daily loss of 2.2%. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
In the latest trading session, Square (SQ) closed at $61.30, marking a -1.78% move from the previous day. This change was narrower than the S&P 500's 2.2% loss on the day. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Salesforce.com (CRM) closed the most recent trading day at $155.73, moving -1.26% from the previous trading session. This change was narrower than the S&P 500's 2.2% loss on the day. At the same time, the Dow lost 1.86%, and the tech-heavy Nasdaq lost 1.44%.
Clorox (CLX) closed the most recent trading day at $195.75, moving +0.71% from the previous trading session. This change outpaced the S&P 500's 2.2% loss on the day. At the same time, the Dow lost 1.86%, and the tech-heavy Nasdaq lost 1.44%.
Cardinal Health (CAH) closed the most recent trading day at $50.07, moving -1.22% from the previous trading session. This change was narrower than the S&P 500's 2.2% loss on the day. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Bed Bath & Beyond (BBBY) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.