Markets had been strong on Tuesday but ended the day with the S&P 500 down 0.2% while Toronto as up 0.2%. The late-day drop was blamed on a drop in oil prices.
Amazon has announced that starting in June it will suspend its new shipping service that had been competing with FedEx and UPS. Amazon has seen a surge of business and wants to concentrate on its core business. This is a positive development for UPS and FedEx but is also another indication that Amazon is benefiting from the closure of so many retailers.
News on the virus front indicates that the death levels may be lower than feared. But this is due to the shutdown and may indicate that the shutdown will have to last longer.