Earnings Report

As the markets head into the last week of trading for the month, will the old adage of "sell in May and go away" hold up in the wake of the coronavirus shutdown?

Wall Street wraps winning week in quiet Friday session.

Foot locker reported a first-quarter loss of $98 million.

Alibaba's stock investments lost $1.09 billion in the quarter.

The heavy-equipment manufacturer earned $665.8 million, or $2.11 a share, as worldwide net sales fell 18 percent to $9.25 billion.

Unemployment has reached post-Depression highs amid coronavirus lockdowns.

Best Buy reported revenue slid to $8.56 billion for the quarter ended May 2 from $9.14 billion a year earlier.

Macy's sales sank as much as 45 percent as the COVID-19 pandemic prompted a nationwide lockdown.

The food and meat producer posted a second-quarter profit of $227.7 million as net revenue rose 3 percent to $2.4 billion.

All 50 states are now partially reopen.

The cruise operator reported net loss of $1.44 billion, compared with a profit of $249.7 million in the comparable quarter last year.

Target's first-quarter gross margin fell to 25.1 percent, from 29.6 percent in 2019, amid higher digital and supply chain costs and increased investments in employee wages and benefits. 

The home-improvement chain earned $1.34 billion, or an adjusted $1.77 a share, as revenue rose 11 percent year-over-year to $19.68 billion.

He reportedly used the analogy to mean that his reputation would be be seen differently if his investments improved

Investors cashed in some of the gains from Monday's run.

Walmart reported better-than-expected earnings and profit amid unprecedented demand during the COVID-19 pandemic.

Home Depot's first-quarter profit slid 11 percent during the onset of the COVID-19 pandemic.

Losses include almost $10 billion at office-sharing firm WeWork and ride- hailing app Uber.

President Trump said the country will reopen with or without a vaccine.

The Dow ends higher after a 700 point swing.