More than 40% of the companies in the S&P 500 have pulled their guidance, as the coronavirus pandemic has doused U.S. corporations in uncertainty, and their shares together have fallen more than the broader index. Through June 25, at least 218 companies from a variety of industries have withdrawn or withheld either their quarterly or annual guidance, according to data from Dow Jones Newswires. Many cite the overall uncertainty of the pandemic for their tentativeness, but some point to the likelihood of additional outbreaks,...

Source: Wall Street Journal June 28, 2020 16:52 UTC