Nasdaq News

(RTTNews) - The Malaysia stock market has finished lower in four straight sessions, plummeting almost 190 points or 14 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,255-point plateau although it's tipped to find support on Wednesday.

The Federal Reserve's plan to ease strains in short-term funding markets received mixed reviews from investors on Tuesday, with some saying further relief may be needed from the liquidity issues plaguing that corner of the financial system.

What happened In retrospect, this should have been obvious. After states across the nation began ordering the closure of restaurants to promote social distancing, it was probably inevitable that movie theaters would be next to close.

(RTTNews) - FedEx Corp. (FDX) Tuesday reported third-quarter earnings that missed Wall Street estimates, but revenues trumped expectations. The package delivery giant suspended its outlook due to ongoing Covid-19 outbreak.

With alcohol gel supplies increasingly stretched, Ambev SA said on Tuesday it will use one of its Brazil beer breweries to produce half a million sanitizer bottles for public hospitals to fight the spread of coronavirus.

The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday's steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.

Private investment firm Najafi Companies and Trinity Broadcasting Network on Tuesday offered to take U.S. regional TV station operator Tegna Inc private at $20 per share.

Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand because of the coronavirus.

The International Olympic Committee is putting the health of elite athletes at risk by telling them to continue training for the Tokyo 2020 Games as the coronavirus rages, reigning Olympic pole vault champion Katerina Stefanidi told Reuters on Tuesday.

What happened Shares of consumer staples stocks were rising broadly today on news that Amazon was seeing unprecedented demand for essential items, and was hiring 100,000 people as a result. The e-commerce giant also said that it would shift its warehouses to stock and ship nec

Following in the footsteps of a number of other major restaurant and cafe chain, McDonald's (NYSE: MCD) has announced that it is shifting to takeout-and-delivery-only operation -- at least in its company-owned restaurants.

The PGA Championship scheduled for May 14-17 has been postponed over coronavirus concerns, the PGA of America said on Tuesday.

Private investment firm Najafi Companies and broadcaster Trinity Broadcasting Network have offered to take U.S. regional TV station operator Tegna Inc private at $20 per share, the two firms said on Tuesday. (Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur) ((munsif.vengattil@thomsonreuters.com; 646-223-8780;)) nL4N2BA5CQ

Raytheon (RTN) closed the most recent trading day at $128.95, moving -0.49% from the previous trading session. This change lagged the S&P 500's daily gain of 6%. At the same time, the Dow added 5.2%, and the tech-heavy Nasdaq gained 6.23%.

Sallie Mae (SLM) closed the most recent trading day at $6.71, moving -1.18% from the previous trading session. This change lagged the S&P 500's daily gain of 6%. At the same time, the Dow added 5.2%, and the tech-heavy Nasdaq gained 6.23%.

Restoration Hardware (RH) closed at $92.94 in the latest trading session, marking a -1.13% move from the prior day. This change lagged the S&P 500's daily gain of 6%. Meanwhile, the Dow gained 5.2%, and the Nasdaq, a tech-heavy index, added 6.23%.

Due to a steep downturn in business caused by the COVID-19 pandemic, hospitality giant Marriott (NASDAQ: MAR) will begin to furlough tens of thousands of its employees at properties around the globe, the Wall Street Journal reported Tuesday.

Investors see the coronavirus’ fallout threatening the economically sensitive group, which tends to see its performance suffer more than larger companies in recessions.

The stock has fallen harder than the broader market as investors have worried that the Olympics could be postponed.

(RTTNews) - Stocks saw considerable volatility early in the session on Tuesday but moved sharply higher over the course of the trading day. With the rally on the day, the major averages partly offset the sell-off seen in the previous session.