• BOE cuts interest rates
• Marriott (MAR.US) withdrawn its 2020 guidance and is eliminating its dividend due to the coronavirus outbreak.

Marriott (MAR.US) – has withdrawn its 2020 guidance and is suspending its dividend due to the spread of coronavirus. Company is planning to pay the final dividend on March 31. The hotel chain said occupancy has fallen below 25 percent in both North America and Europe.

Marriott (MAR.US) share price bounced off the key support level at $48.36 per share and is heading towards local resisttance level located at $74.33. Source:xStation5
Williams-Sonoma (WSM.US) – Williams-Sonoma reported adjusted quarterly earnings of $2.13 per share, 8 cents above estimates, with the housewares retailer also seeing revenue beat forecasts as same-store sales jumped 7.6 percent. Similar to other companies Williams-Sonoma did not provide any forward guidance due to coronavirus-related uncertainty.
Darden Restaurants (DRI.US) – multi branded restaurant operator, which owns Olive Garden beat estimates by a penny with quarterly earnings of $1.89 per share, with revenue also above estimates. Companys sales increased by 2.3%, compared to the consensus Refinitiv estimate of a 1.2 % increase. The company withdraw its forward guidance due to the coronavirus outbreak, said it plans to review its dividend policy as developments warrant. Darden announced that sales for this quarter are down 5.9%.

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