Dow drops for second day | What is wrong with oil? | Big companies grab small biz loans

Publicly traded companies received the lion's share of PPP funding meant to rescue small businesses.

VIEW IN BROWSER | SUBSCRIBE TUE, APR 21, 2020 EVENING BRIEF AS OF TUE, APR 21, 2020 • 04:15 ET DJIA 23018.88 -2.67% -631.56 S&P 500 2736.56 -3.07% -86.60 NASDAQ 8263.23 -3.48% -297.50   Most Active DOW NAME LAST CHG %CHG MSFT 167.82 -7.24 -4.14% AAPL 268.37 -8.56 -3.09% XOM 40.96 -0.22 -0.53% S&P 500 NAME LAST CHG %CHG AMD 52.92 -4.05 -7.11% F 4.77 -0.21 -4.22% BAC 21.64 -0.86 -3.82% NASDAQ NAME LAST CHG %CHG AMD 52.92 -4.05 -7.11% MSFT 167.82 -7.24 -4.14% AAL 11.00 -0.06 -0.54% EDITOR'S NOTE Some not-so-small businesses, with publicly traded stocks, are beating mom and pop in the race for emergency funding from the government's Paycheck Protection Program.   CNBC's Tom Franck reports that at least $243.4 million of the program's  $349 billion went to publicly traded companies. Research from Morgan Stanley shows that several of these companies have market values well over $100 million.   "I think you've seen some pretty shameful acts by some large companies to take advantage of the system," Howard Schultz, former Starbucks chairman and CEO, said Tuesday on CNBC, advocating for small businesses.   The Senate on Tuesday approved another $310 billion for the Paycheck Protection Program, $60 billion of which is for small lenders. But like the old saying goes, big dogs eat first.   Stocks fell again on Tuesday as odd trading patterns continued to wreak havoc in the oil futures market. A key exchange-traded fund for oil futures, the U.S. Oil Fund, made structural changes to avoid collapse, CNBC's Pippa Stevens writes.   It's tough to imagine an oil price rebound with the world's economies closed for business amid the coronavirus pandemic.   "Oil is a residual issue of the broader global 'stay at home' and this situation will not change until Western nations and US states begin opening up," said Tom Lee, head of research at Fundstrat Global Advisors. "And they cannot open up until each jurisdiction feels they have a handle on the healthcare crisis."     Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow tumbles for a second day amid relentless oil drop US Oil Fund drops after changing structure again as popular ETF tries to stave off collapse June oil futures contract slides as crude continues unprecedented sell-off Trump directs Mnuchin, Energy secretary to create plan to support oil, gas industries as selloff deepens Here are the largest public companies taking payroll loans meant for small businesses Senate strikes deal on $484 billion relief package for small business, hospitals, testing North Korean leader Kim Jong Un recently had surgery, could be incapacitated, US officials say Joe Biden raises over $46 million in March as he faces pressure to attract more small dollar donors Track the latest coronavirus news here Netflix earnings are out — Here are the numbers     TOP VIDEO Former Starbucks CEO Howard Schultz's full interview on restarting US economy   CNBC PRO JPMorgan's Kolanovic, who called market turn, says investors should bet on sunshine killing virus   SPECIAL REPORTS Retail investors who believed they were investing in crude oil get a rude awakening As crude oil drops to historic lows, chart analyst sees 90-year record for energy stocks   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS