Investing.com
Published Mar 16, 2020 08:09AM ET
Updated Mar 16, 2020 08:20AM ET
By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trade on Monday, March 16th. Almost the entire market is posting heavy losses, after emergency measures by the Federal Reserve on Sunday failed to restore investor confidence. Please refresh for updates.
General Motors (NYSE:GM) stock fell 12% and Ford Motor (NYSE:F) stock fell 9.6% amid fears that they may be forced to take similar action, and more broadly due to fears that sales are likely to crater in the coming months.
8:39 AM ET: AMC Entertainment Holdings (NYSE:AMC) stock fell 22.4%, as the company held off from a complete closure of its U.S. movie theaters.
AMC said on Friday it would limit theater capacity at the lower of 50 seats or 50%. According to Comscore research, U.S. box office receipts at the weekend hit their lowest total since immediately after the 9/11 attacks in 2001.
Written By: Investing.com
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