UA - Why These 4 Sportswear Retailer Stocks Are Falling Today
Shares of sportswear maker and retailer stocks are falling sharply in afternoon trading on April 1, as the economic impact of the coronavirus pandemic are becoming more apparent. At this writing, shares of these companies, which make and sell athletic footwear and apparel, are running downhill hard and fast:
As of 1:21 PM EDT. Data source: Yahoo! Finance.
Over the past week, the federal government has taken massive actions to help soften the blow to the economy, with our elected officials and the Federal Reserve enacting a massive $6 trillion in financial support for individuals and businesses. Starting on March 23, stocks rallied hard and quick, gaining almost 20% by March 30 on hopes that government action would stave off the worst of the coming recession.