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Wall Street's major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks indicated hopes of economic revival as states began to relax restrictions enacted to fight the deadly COVID-19 pandemic.

Wells Fargo & Co's relationship with the National Rifle Association (NRA) is "declining," Chief Executive Charles Scharf told investors on Tuesday.

Ford Motor Co said on Tuesday its second-quarter loss will more than double to $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but said despite the ongoing crisis it has enough money to last for the remainder of 2020.

Starbucks Corp said on Tuesday it expects comparable sales in China to decline between 25% and 35% in the current third quarter, hurt by the coronavirus pandemic that has forced it to close stores and limit operations.

Alphabet Inc on Tuesday beat analysts' estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.

U.S. crude prices settled about 3% lower on Tuesday after data showing domestic stockpiles didn't rise as high as had been expected given tightening storage, despite pledges to cut production from May 1.

As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners from losers as first quarter earnings roll out in coming days.

Alphabet Inc on Tuesday beat analysts' estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.

Stock markets across the globe eked out gains on Tuesday, riding out sharp swings on Wall Street as mixed corporate earnings results and dramatic moves in oil prices delivered yet another dose of investor jitters.

Uber Technologies Inc's Chief Technology Officer Thuan Pham has resigned, effective May 16, the ride-hailing company said in a regulatory filing https://bit.ly/2SiLDZB on Tuesday.

Lufthansa might seek some form of protection from creditors while talking to the Berlin government about a 9 billion euro ($9.76 billion) rescue package, a company source said on Tuesday after government and airline sources said talks on a deal were continuing.

Ford Motor Co on Tuesday posted a $2 billion first-quarter loss due to the impact of the coronavirus pandemic and said it expected its loss in the second quarter to more than double as it weathers a shutdown of its North American plants.

Starbucks Corp said on Tuesday it expects comparable sales in China in the current quarter to decline between 25% and 35%, hurt by the coronavirus pandemic that has forced it to close stores and limit operations.

As Detroit's automakers seek to restart their U.S. plants during the coronavirus pandemic, two health experts advising Michigan's governor and the United Auto Workers union warned against an over-reliance on masks and face shields to keep workers safe.

Ford Motor Co on Tuesday posted a $2 billion first-quarter loss due to the impact of the coronavirus pandemic and said it expected its loss in the second quarter to more than double as it weathers a shutdown of its North American plants.

Wall Street's major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks could point to hopes of economic revival as states begin to relax restrictions enacted to halt the coronavirus pandemic.

Millions of Americans who have been thrown out of work during the coronavirus pandemic have been unable to register for unemployment benefits since the U.S. economy entered a free fall, according to a poll released on Tuesday.

Shrugging off reams of terrible economic data, plunging oil prices and dire corporate results, world stocks have recouped around half of this year's coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.

Federal appeals court judges asked prosecutors on Tuesday why a lower court could seal a ruling that absolved Facebook from having to wiretap a criminal suspect using one of the company’s encrypted services.

Boeing Co's grounded 737 MAX jet is expected to remain grounded until at least August as the manufacturer continues to grapple with software issues, people briefed on the matter told Reuters.