Earnings Report

Goldman Sachs reported a 49 percent drop in quarterly profit.

The buildout in so-called reserves helped drag net income down 45 percent to $4 billion, or 40 cents a share, in the three months through March.

Premiums rose 6.6% to $50.64 billion, just shy of the FactSet consensus of $50.70 billion, while products revenue increased 4.4% to $8.43 billion

Wall Street analysts predict S&P 500 earnings will tumble 9 percent from a year ago, the first quarterly decline since the financial crisis.

The fourth-largest U.S. lender's quarterly profit fell to $42 million, or 1 penny per share, from  $5.51 billion, or $1.20 per share, a year earlier.

JPMorgan Chase and Wells Fargo will report quarterly earnings on Monday

Tech stocks led a turnaround for the Nasdaq on Monday.

Commercial real estate loans will be in focus when banks report their first-quarter results.

Stocks rallied Wednesday as COVID-19 showed signs of plateauing in some of the hardest hit areas.

Stocks rallied as oil posted its biggest gain on record.

The operator reported stronger-than-forecast sales for its latest quarter, which ended Feb. 29, as consumers were starting to stockpile supplies.

The Dow posted its worst quarterly drop since 1987, for the S&P it is the worst since 2008.

The Dow notches best week since 1938.

The plan is to keep U.S. and European stores closed through April 5

Stocks clawed back despite unemployment claims surging by 3.28 million last week.

The Dow tacked on day two of gains after the 2,113-point increase Tuesday which was the most ever in a single day.  

FedEx submitted a request to the U.S. government for "liquidity support"

Goldman Sachs says the S&P 500 could plunge to about 2,000 in a worst-case scenario due to the coronavirus outbreak.

President Trump declares a national emergency, a move that will speed up federal assistance with the coronavirus.