was up nearly 45% over the same period and extended its year-to-date gain to 7%. The S&P 500 and the Dow cut their 2020 losses to about 4.6% and 9.8%, respectively.Luis Mora stands in front of the closed offices of the New York State Department of Labor on May 7, 2020 in Brooklyn, New York City.Nearly 8.8 million private-sector jobs are expected to have been lost last month as some states started to ease their coronavirus mitigation measures.
The ADP's May report on job trends at U.S. companies is out at 8:15 a.m. ET, two days before the government's monthly employment numbers, which are seen showing similar payroll losses and a national unemployment rate approaching 20%.estimates an almost 53% contraction. The GDPNow reading undergoes regular revisions as more economic data comes in, and it's generally more accurate as the end of the quarter approaches, which in this case is June 30.Dr.
the former FDA commissioner, told CNBC on Wednesday that a coronavirus vaccine will probably need to be administered every year, like the seasonal flu vaccine and unlike smallpox or polio vaccines, which provide immunity for life.Members of the D.C. National Guard stand on the steps of the Lincoln Memorial monitoring a large crowd of demonstrators participating in a peaceful protest against police brutality and the death of George Floyd, on June 2, 2020 in Washington, D.C.
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number one thing: the stock market is not a reflection of reality.
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