Chicago Tribune | Section 1 | Saturday, April 4, 2020 7
NasdaqDow LOCAL STOCKSMOST ACTIVE STOCKSFUTURESd -114.23 (-1.53%)
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7,373.
7,518.
7,288.
7,4 8 7. 3 1S&P 500d -38.25 (-1.51%)
Close
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2,538.
2,459.
2,526.Russell 2000d -33.76 (-3.11%)
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Previous1,052.
1,082.
1,035.
1,085.10-yr T-note Gold futures Yen Euro Crude Oilduu u u
-.
to .58%+8.
to $1,633.+3.
to $28.+.
to .9250/$+.
to 108.26/$18,21,24,27,30,OND J FM18,20,Dow Jones industrials 22,
Close: 21,052.
Change: -360.91 (-1.7%)
10 DAYSMajor market growth and decline
-2.5-day % changeDOW NASD S&Pd
-1.d
-2.d
Source: The Associated PressWHEAT (CBOT) 5,000 bu minimum- cents per bushel May 20 541.75 556.50 541.50 549.25 +7.
Jul 20 538 550.75 538 545 +6.
CORN (CBOT) 5,000 bu minimum- cents per bushel May 20 334.50 338.50 328 330.75 -2.
Jul 20 339.25 343.50 334 336.75 -1.
SOYBEANS (CBOT) 5,000 bu minimum- cents per bushel May 20 859.75 864.50 850.50 854.25 -4.
Jul 20 864.75 870 856.50 859.50 -4.
SOYBEAN OIL (CBOT) 60,000 lbs- cents per lb May 20 26.25 26.62 26.13 26.43 +.
Jul 20 26.59 26.97 26.50 26.75 +.
SOYBEAN MEAL (CBOT) 100 tons- dollars per ton May 20 309.00 310.50 299.20 303.20 -5.
Jul 20 307.90 309.40 301.20 303.30 -4.
LIGHT SWEET CRUDE (NYMX) 1,000 bbl.- dollars per bbl. May 20 24.81 29.13 23.52 28.34 +3.
Jun 20 27.34 31.62 26.53 30.90 +2.
NATURAL GAS (NYMX) 10,000 mm btu’s, $ per mm btu May 20 1.551 1.657 1.530 1.621 +.
Jun 20 1.672 1.768 1.651 1.738 +.
NY HARBOR GAS BLEND (NYMX)42,000 gallons- dollars per gallon May 20 .6586 .7600 .6347 .6916 +.
Jun 20 .7183 .8154 .6964 .7523 +.-18.30-day % changeDOW NASD S&Pd
-14.d
-16.d
-20.1-year % changeDOW NASD S&Pd
-7.d
-13.d
Stocks listed may change due to daily fluctuations in market capitalization. Exchange key: N=NYSE, O=NASDAQCOMMODITY AMOUNT-PRICE MO. OPEN HIGH LOW SETTLE CHG.STOCK XCHG. CLOSE CHG. STOCK XCHG. CLOSE CHG. STOCK XCHG. CLOSE CHG.
Abbott Labs N 79.45 +.
AbbVie Inc N 73.37 -1.
Allstate Corp N 85.96 +.
Anixter Intl N 87.94 -.
Aptargroup Inc N 94.19 -1.
Arch Dan Mid N 34.65 +.
Baxter Intl N 81.42 -.
Boeing Co N 124.52 +1.
CBOE Global Markets N 89.62 -2.
CDK Global Inc O 30.03 -.
CDW Corp O 86.89 -1.
CF Industries N 25.77 +.
CME Group O 173.74 +5.
CNA Financial N 27.64 -.
Cabot Microelect O 100.17 -3.
Caterpillar Inc N 114.67 -2.
ConAgra Brands Inc N 31.21 +1.
Deere Co N 135.52 -3.
Discover Fin Svcs N 28.53 -2.
Dover Corp N 77.36 -3.Envestnet Inc N 47.07 -1.
Equity Commonwlth N 32.31 +.
Equity Lifesty Prop N 52.37 -.
Equity Residential N 54.26 -.
Exelon Corp O 32.75 -1.
First Indl RT N 30.73 -.
Fortune Brds Hm&Sec N 35.42 -3.
Gallagher AJ N 76.26 -2.
Grainger WW N 238.76 -.
GrubHub Inc N 34.27 -.
Hill-Rom Hldgs N 105.00 -2.
IAA Inc N 25.00 -2.
IDEX Corp N 138.51 +2.
ITW N 140.41 -1.
Ingredion Inc N 76.21 -.
Jones Lang LaSalle N 86.45 -5.
Kemper Corp N 65.30 -3.
Kraft Heinz Co O 25.32 +.
LKQ Corporation O 17.35 -1.
Littelfuse Inc O 129.40 +.McDonalds Corp N 160.33 -1.
Middleby Corp O 48.71 -3.
Mondelez Intl O 50.79 +.
Morningstar Inc O 110.60 -1.
Motorola Solutions N 126.62 -3.
NiSource Inc N 22.49 -1.
Nthn Trust Cp O 77.03 +.
Old Republic N 14.01 -.
Packaging Corp Am N 80.51 -3.
Paylocity Hldg O 74.02 -5.
RLI Corp N 83.10 -2.
Stericycle Inc O 42.68 -2.
TransUnion N 59.05 -2.
TreeHouse Foods N 44.81 +.
US Foods Holding N 14.06 -1.
Ulta Salon Cosmetics O 156.74 -4.
United Airlines Hldg O 22.89 -.
Ventas Inc N 22.52 -.
Walgreen Boots Alli O 40.72 +.
Zebra Tech O 178.08 +3.LARGEST COMPANIES LARGEST MUTUAL FUNDS
NEWYORKSTOCKEXCHANGENASDAQSTOCKMARKETSTOCK CLOSE CHG.STOCK CLOSE CHG.Carnival Corp 8.49 +.
Macy’s Inc 4.81 +.
Gen Electric 6.73 -.
Occid Petl 13.00 +.
Chesapk Engy .17 +.
Ford Motor 4.24 -.
Whiting Petroleum .29 -.
Marathon Oil 3.65 +.
Bank of America 20.03 -.
AT&T Inc 27.46 -1.
Apache Corp 5.38 +.
Exxon Mobil Corp 39.21 -1.
Delta Air Lines 22.48 -.
Energy Transfer L.P. 5.47 +.
MFA Financial 1.09 -.
Uber Technologies 22.82 -.
New Residential Inv 3.33 -.
Annaly Capital Mgmt 4.02 -.
Petrobras 5.76 -.
MGM Resorts Intl 10.58 -.
Boeing Co 124.52 +1.
Itau Unibanco Hldg 3.90 -.
Halliburton 7.61 +.
Callon Petrol .49 +.Luckin Coffee Inc 5.38 -1.
American Airlines Gp 9.39 -.
Adv Micro Dev 42.59 -1.
Microsoft Corp 153.83 -1.
electroCore Inc 1.03 +.
TOP Ships Inc .19 -.
Taronis Technologies .15 -.
Apple Inc 241.41 -3.
ToughBuilt Inc .16 +.
Micron Tech 41.22 +.
United Airlines Hldg 22.89 -.
Sorrento Therapeut 2.48 +.
Oasis Petroleum .38 +.
Amarin Corp 4.78 -.
Facebook Inc 154.18 -4.
Intel Corp 54.13 -.
Tesla Inc 480.01 +25.
Cisco Syst 39.06 -.
Sirius XM Hldgs Inc 4.48 -.
Gilead Sciences 78.21 +1.
Comcast Corp A 33.95 -.
AGNC Investment Cp 9.51 -.
Zynga Inc 6.64 -.
Centennial Res Dev A .34 +.
FOREIGN MARKETS
INDEX CLOSE CHG./%
Shanghai /...
Stoxx600 309.06 -3.0/-.
Nikkei 17820.19 +1.5/+.
MSCI-EAFE 1506.66 -11.5/-.
Bovespa 69537.60 -2715.9/-3.
FTSE 100 5415.50 -64.7/-1.
CAC-40 4154.58 -66.4/-1.Based on market capitalization Based on total assets
STOCK CLOSE CHG.CHG 1-YR
FUND NAV IN $ %RTN
Alibaba Group Hldg 187.11 -1.
Alphabet Inc C 1097.88 -22.
Alphabet Inc A 1092.70 -24.
Amazon.com Inc 1906.59 -12.
Apple Inc 241.41 -3.
Berkshire Hath B 178.34 -1.
Facebook Inc 154.18 -4.
HSBC Holdings prA 24.34 +.
Intel Corp 54.13 -.
JPMorgan Chase 84.05 -2.
Johnson & Johnson 134.17 +1.
MasterCard Inc 237.03 -1.
Microsoft Corp 153.83 -1.
Procter & Gamble 115.08 +.
Taiwan Semicon 47.06 -1.
Unitedhealth Group 229.49 -10.
Verizon Comm 54.70 -.
Visa Inc 151.85 -5.
WalMart Strs 119.48 +.AmericanFunds AmrcnBalA m 24.63 -.18 -4.
AmericanFunds CptWldGrIncA m40.09 -.56 -15.
AmericanFunds CptlIncBldrA m 52.02 -.54 -10.
AmericanFunds FdmtlInvsA m 46.93 -.73 -14.
AmericanFunds GrfAmrcA m 41.67 -.56 -9.
AmericanFunds IncAmrcA m 18.94 -.14 -10.
AmericanFunds InvCAmrcA m 30.97 -.34 -13.
AmericanFunds NwPrspctvA m 37.06 -.48 -12.
AmericanFunds WAMtInvsA m 36.47 -.41 -14.
Dodge&Cox Inc 13.77 ... +5.
Dodge&Cox IntlStk 28.55 -.82 -28.
Dodge&Cox Stk 128.99 -1.88 -24.
DoubleLine TtlRetBdI 10.46 ... +3.
Fidelity 500IdxInsPrm 86.75 -1.32 -11.
Fidelity Contrafund 11.28 -.18 -7.
Fidelity InvmGradeBd 11.54 ... +6.
Fidelity TtlMktIdxInsPrm 68.51 -1.17 -14.
Fidelity USBdIdxInsPrm 12.28 ... +9.
FranklinTempleton IncA1 m 1.88 -.02 -14.
MetropolitanWest TtlRetBdI 11.13 +.01 +8.
PGIMInvestments TtlRetBdZ 13.88 ... +4.
PIMCO IncI2 10.88 -.03 -3.
PIMCO IncInstl 10.88 -.03 -3.
PIMCO TtlRetIns 10.54 ... +8.
Schwab SP500Idx 38.83 ... -10.
T.RowePrice BCGr 102.38 -1.96 -9.
T.RowePrice GrStk 59.10 -1.13 -10.
Vanguard 500IdxAdmrl 229.78 -3.50 -11.
Vanguard BalIdxAdmrl 33.54 -.34 -4.
Vanguard DivGrInv 24.80 ... -6.
Vanguard GrIdxAdmrl 77.34 -1.15 -4.
Vanguard HCAdmrl 74. ...
Vanguard InTrInGdAdm 9.84 -.01 +5.
Vanguard InTrTEAdmrl 14.08 +.09 +2.
Vanguard InsIdxIns 222.05 -3.37 -11.
Vanguard InsIdxInsPlus 222.05 -3.38 -11.
Vanguard InsTtlSMIInPls 51.37 -.87 -12.
Vanguard IntlGrAdmrl 84.62 ... -7.
Vanguard LtdTrmTEAdmrl 10.91 +.04 +1.
Vanguard MdCpIdxAdmrl 153.89 -3.04 -22.
Vanguard PrmCpAdmrl 111.88 ... -12.
Vanguard STInvmGrdAdmrl 10.51 ... +2.
Vanguard SmCpIdxAdmrl 50.99 -1.45 -30.
Vanguard TrgtRtr2020Inv 28.74 ... -4.
Vanguard TrgtRtr2025Inv 17.05 ... -6.
Vanguard TrgtRtr2030Inv 30.61 ... -8.
Vanguard TrgtRtr2035Inv 18.49 ... -9.
Vanguard TtBMIdxAdmrl 11.37 ... +9.
Vanguard TtBMIdxIns 11.37 ... +9.
Vanguard TtInBIdxAdmrl 22.62 -.02 +5.
Vanguard TtInBIdxIns 33.95 -.02 +5.
Vanguard TtInBIdxInv 11.32 ... +5.
Vanguard TtInSIdxAdmrl 22.17 ... -19.
Vanguard TtInSIdxInsPlus 88.68 ... -19.
Vanguard TtInSIdxInv 13.26 ... -19.
Vanguard TtlSMIdxAdmrl 60.05 -1.01 -14.
Vanguard TtlSMIdxIns 60.06 -1.01 -14.
Vanguard TtlSMIdxInv 60.03 -1.02 -14.
Vanguard WlngtnAdmrl 62.66 -.63 -5.
Vanguard WlslyIncAdmrl 60.17 -.TREASURY YIELDSSPOT METALSFOREIGN EXCHANGEINTEREST RATESDURATION CLOSE PREV.CLOSE PREV.A U.S. Dollar buys...3-month disc 0.12 0.
6-month disc 0.16 0.
2-year 0.20 0.
10-year 0.58 0.
30-year 1.22 1.Gold $1633.70 $1625.
Silver $14.436 $14.
Platinum $714.10 $726.Argentina (Peso) 64.
Australia (Dollar) 1.
Brazil (Real) 5.
Britain (Pound).
Canada (Dollar) 1.
China (Yuan) 7.
Euro.
India (Rupee) 76.
Israel (Shekel) 3.
Japan (Yen) 108.
Mexico (Peso) 24.
Poland (Zloty) 4.
So. Korea (Won) 1238.
Taiwan (Dollar) 30.
Thailand (Baht) 32.Prime Rate 3.
Discount Rate Primary 0.
Fed Funds Target 0.00-0.
Money Mkt Overnight Avg. 0.High: 21,447.81 Low: 20,863.09 Previous: 21,413.d - Deferred sales charge, or redemption fee.
m - Multiple fees are charged, usually a marketing
fee and either a sales or redemption fee.
Source: Morningstar.MARKET ROUNDUP
BUSINESS
American Airlines is can-
celing flights in the peak
summer travel season amid
restrictions on travel and
“record low” demand from
passengers during the co-
ronavirus pandemic, the
airline said Thursday.
American is reducing ca-
pacity on international
flights by more than 60%
compared with last sum-
mer, after slashing capacity
by 80% to 90% in April and
May. It’s also pushing back
new routes expected to
launch this summer to 2021,
including one connecting
Chicago and Krakow, Po-
land, expected to begin fly-
ing in May.
Flights between Chicago
and Budapest, Hungary;
Paris; Rome and Venice,
Italy; and Prague also will
not operate this summer,
American said.
American said it plans to
resume flights between
Chicago and Athens,
Greece; Dublin; and Lon-
don in June, with service to
Barcelona restarting in July.
American
Airlines
expands
flight cuts
By Lauren Zumbach
Almost 300 employees at
the Trump International
Hotel & Tower were among
more than 14,000 layoffs
reported to the state in
March, most of them re-
lated to the new co-
ronavirus’ effect on the
economy as companies cut
back or closed their doors.
Restaurants and hospi-
tality businesses, along with
many retailers, have been
particularly hard hit since
Illinois Gov. J.B. Pritzker
issued a stay-at-home order
March 20 to contain the
virus’ spread. That order
was to expire April 7 but has
been extended to April 30.
The 14,702 layoffs re-
ported to the state, however,
also demonstrate the wideswath of industries affected
by the shutdown and the
massive hit to Illinois’ econ-
omy and its workforce.
The report’s posting to
the state’s website followed
news Thursday that a
record-breaking 178,000-
plus Illinois residents ap-
plied for unemployment in-
surance benefits last week,
swelling the ranks of of
those needing financial as-sistance because they have
lost their jobs as a result of
the coronavirus pandemic.
The Illinois Worker Ad-
justment and Retraining
Notification Act requires
businesses with more than
75 workers to give the state
60 days’ notice when clos-
ing a plant or laying off
more than a third of their
workforce.
In a more typical month,Illinois’ monthly WARN re-
port is contained to a widely
spaced page or two. For
March, it was a spreadsheet
of almost 200 entries, most
of them listing COVID-19 as
the cause of the layoff.
Along with the 294 em-
ployees laid off at President
Donald Trump’s namesake
hotel, other large hotel
properties reporting layoffs
were Intercontinental Chi-cago Magnificent Mile, 350
layoffs; Four Seasons Hotel,
308 layoffs; Warwick Aller-
ton, 147 layoffs; and Westin
Chicago North Shore, in
Wheeling, 169 layoffs.
Fabrik Molded Products,
a custom injection molding
supplier in McHenry, laid
off 600 people. Tangent
Technologies, a plastic resin
manufacturer in Aurora,
laid off 180 people.Employees at Trump hotel among thousands in Illinois laid off
By Mary Ellen
Podmolik
Automakers reported a
plunge in new vehicle sales
as fear of the coronavirus
and stay-at-home orders
kept consumers from deal-
erships, adding to the trou-
bles of the country’s largest
manufacturing sector.
Ford Motor Co. reported
Thursday that sales fell
12.5%. The sales drop was
the largest of the Detroit
Three automakers with Fiat
Chrysler Automobiles
down 10% for the quarter
and General Motors Co. off
7%. The companies said a
significant drop in March
offset strong sales in Janu-
ary and February.
Toyota, Honda, Hyundai
and Mercedes-Benz re-
ported declines in March
ranging from 37% to 50%.
Tesla does not break out
its U.S. sales but is expected
to report a first-quarter
global total, and analysts
expect a substantial decline,
in part because Tesla had
been growing in China,
which was affected by the
virus for much of the first
quarter. Tesla began pro-
ducing cars at a new factoryin Shanghai late last year. It
temporarily suspended pro-
duction March 23 at its
plant in Fremont, Califor-
nia.
Toni Sacconaghi of Alli-
anceBernstein is forecasting
first-quarter sales of 78,
cars, which would be a 20%
fall from the same period in- “First-quarter deliv-
eries have clearly been
tracking well below the
fourth quarter over the last
several weeks,” Sacconaghi
wrote to clients.
ALG, a company that
tracks trends in auto sales,
estimated that industrywide
March sales fell 37% from a
year ago. Analysts will tabu-
late a total for March sales
after all automakers have
reported their numbers.
Dealers had hoped to
continue selling cars at the
beginning of March, but
customer traffic quickly
dwindled as it became clear
that the virus was spreading
rapidly. Many dealerships
nationwide remain open for
repair and maintenance
services, often with reduced
hours.
“The market right now is
really shellshocked,” said
Brian Benstock, general
manager of Paragon Honda
in New York’s Queens bor-
ough. He said his service
department was in “limp
mode” and his sales area
was dark.
The drop in sales is the
second big blow to au-
tomakers.
Most companies have
shut down factories across
North America to prevent
the spread of the virus
among workers.
Automakers and dealers
expect a bigger decline in
April because stay-at-home
orders will be in effect for
most or all of the month in
many parts of the country.
Even as some states lift orrelax those orders, consum-
ers will likely stay away
from showrooms for some
time. To lure buyers, GM,
Ford and Fiat Chrysler are
offering zero-percent loans
that last up to seven years
for new car purchases.
A dramatic drop in sales
in April could cause a
painful chain reaction. With
no buyers driving cars off
their lots, dealers won’t have
to order more from the
manufacturers. That could
force car companies and
their suppliers to keep their
plants idle or production
low even once officials allow
more people to go back to
work.“April is likely to see
further historic declines,
driven largely by a lack of
consumer confidence and
substantial increases in un-
employment,” said Charles
Chesbrough, a senior econ-
omist at Cox Automotive.
“And that trend will likely
continue into early summer,
at best. The second quarter
will be the real measure of
COVID-19’s impact on the
economy and the auto in-
dustry.”
GM, Ford Motor and Fiat
Chrysler have cut or de-
ferred pay for executives.
GM and Ford have drawn
on lines of credit to stock up
on cash.First-quarter vehicle sales stall
Stay-at-home orders in pandemic
create tough times at dealerships
By Neal E. Boudette
The New York TimesAfter a strong first two months of the year, auto sales tumbled in March as people
stayed home to avoid the coronavirus.KHOLOOD EID/THE NEW YORK TIMES