The airline industry, which spent almost all of its free cash flow on stock buybacks for the last 10 years, is asking for $50 billion in government assistance, and President Trump seems inclined to give it. A bounce in stock futures overnight has fizzled, and the mood is turning more risk-averse by the hour. The.
stocks are set to open sharply lower Tuesday, as investors return from a holiday to the shock news from tech giant Apple (NASDAQ: AAPL) that it wouldn’t meet its March quarter sales guidance set just three weeks ago due to the ongoing coronavirus outbreak in China. At 7:00 AM ET (1200 GMT), futures for the S&P.