Wall Street bounces back as stimulus hopes soothe recession fears [Reuters (UK)]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Reuters
Wall Street bounces back as stimulus hopes soothe recession fears - Reuters 4 Min Read NEW YORK (Reuters) - Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession. All three major indexes jumped nearly 5% the day after equities markets suffered their biggest one-day losses since the 2008 financial crisis. Still, the S&P 500 and the Nasdaq ended the session about 15% below the record closing highs reached on Feb. 19. Sinking beyond the 20% mark would confirm a bear market. U.S. President Donald Trump said he will take “major steps” to allay market fears by asking Congress for a fiscal stimulus package to include a payroll tax cut, among other measures. “Coming off yesterday, you’ve got short-term bargain-hunters coupled with potential fiscal stimulus hopes,” said Chuck Carlson, chief executive officer
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UPS
Earnings
- 10/24/24 - Beat
UPS
Sec Filings
- 11/8/24 - Form 4
- 11/6/24 - Form IRANNOTICE
- 11/6/24 - Form 10-Q
- UPS's page on the SEC website