Dow slides 226 points as record GDP plunge offsets pre-earnings tech rally | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Dow slides 226 points as record GDP plunge offsets pre-earnings tech rally

are slated to release their quarterly figures after the close, offering investors insight into how the most crowded growth stocks held up through the pandemic. The four tech giants all erased early losses and traded higher through the day as investors braced for the reports.after steadily declining for four months. Claims rose by 12,000 to 1.43 million in the week ended on Saturday, the Labor Market said Thursday. Economists expected a larger increase to 1.

Continuing claims, which track Americans already receiving unemployment benefits, climbed by 867,000 to 17.06 million in the week ended July 18.200-plus money managers pay thousands to set eyes on Jim Osman's stock buy list. Here are 2 he says are set to soar - and an under-the-radar IPO to keep a watch on

"Investors should be prepared for a choppy process of data digestion, but not be surprised that the market feels the future is better than the present and that unprecedented stimulus and liquidity exist to drive valuations," David Bahnsen, chief investment officer of financial planning firm The Bahnsen Group, said in a note.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Dow slips 350, record GDP contraction, Big Tech earnings on deckStocks moved lower out of the gate today as investors digested the 32.9% drop in GDP during the second quarter. Follow along with the latest stock market updates here: 32.9% annualized. But anything to get Senile Joe elected right Meant, back at the ranch, Trump musing about delaying the election to stay in office longer. Covid raging GDP down 33% Race relations at its worst Unemployment at it’s highest Trump is insane. Holy shit. The GDP fell by 32.9% in the 2nd quarter. That is another record set by Trump. Trump is going to collapse the entire economy. Other countries didn't fall that far. But we have Trump.
Source: CNBC - 🏆 12. / 72 Read more »

Warren Buffett's favorite market indicator spikes to record high after US GDP plunges - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🐌
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dow slides 310 points as US economy posts largest contraction in history - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »