Earnings Report

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.

Cruise operators have been hammered by the curbs to contain the spread of the virus, with extended port quarantines in Japan and California due to deadly outbreaks on some cruise ships adding to the worries.

Fed Chairman Jerome Powell said the U.S. is in the deepest downturn since World War II.

The company did not give forecasts for the fiscal year through March 2021

Infectious disease specialists have warned states against reopening too quickly from coronavirus lockdowns.

Saudi Aramco plans to cut capital spending to between $25 billion and $30 billion in fiscal year 2020, down from $32.8 billion a year ago.