since the pandemic began, led Thursday's pullback as investors cashed in their highly valued tech stocks.
Apple marked its worst day since March, with shares down by more than 7 percent. Amazon, Salesforce, Alphabet and Microsoft all saw declines in the 5 percent range.from its platform for the week leading up to Election Day, Nov. 3, and remove posts that try to suppress or discourage voting. Market watchers were parsing a variety of economic metrics, including Thursday's weekly jobless claims data, which beat analysts' expectations, revealing thatWhile this number is the lowest weekly total since the pandemic, it is still four times the pre-pandemic figure. Continuing claims indicate that 13.3 million people are still filing for ongoing benefits.
Data from the Commerce Department also showed that the U.S. trade deficit soared in July to $63.6 billion, the highest level in 12 years. On Wednesday, the Congressional Budget Office said the federal debt is expected to outpace the country's gross domestic product by the end of 2021. After the slew of disappointing data, investors now turn their focus to Friday's all-important monthly jobs report, released by the Bureau of Labor Statistics. Economists predict that the national unemployment rate will fall into the single digits for the first time since February, declining from 10.2 percent to around 9.8 percent.
More bad news to come. There is no good reason to expect a sudden recovery.
Not good. A bumpy ride ahead.
But it's almost back to PRE COVID numbers. The Dems need the economy to tank. I hope they DON'T get their wish. NBC assumes American's are stupid..
I'm sorry, Mr. 45. What were you saying about the stock market?
WAIT !!!! DONNY said everything was going great
BLUE LIVES MATTER! Starbucks is Printing 250,000 BLM Shirts For Employees To Wear! BOYCOTT STARBUCKS!
NYCMayor The data doesnt lie..you killed business and real estate in New York City and the outerboroughs..that will be your legacy along with govcuomo who says its ok to gamble but not dine inside..
realDonaldTrump stevenmnuchin1 larry_kudlow keep DUMPING TRILLIONS into the Markets to ARTIFICALLY Prop them up for their RICH CRONIES & DONORS The Debt, Deficit & Trade Deficit CONTINUE TO EXPLODE and the carpet they keep sweeping it under can't HOLD ANY MORE ETTD
The same week as all time highs. So what?
Open America and let people get back to work and automatically the economy will be stimulated!! DemocratsAreDestroyingAmerica
Liars. FauciTheFraud put out there that there will be NO vaccine soon, contradicting the president. Again. Why he doesn't fire your a55, I don't know.
The Trump team has built such a strong economy that a large down turn in the market today left the Dow still well above 29,000 the S&P above 3400 the Nasdaq 11,400. We are still the strongest economy in the world
we are at the same levels in all three indexes that we were on 8/24/2020, that's seven days ago! FearMongers
ritaloooc69 And Trump was boasting yesterday, but we all know that that he was not realistic
Dont worry Trumps on it.
Let bring them them up again.
Is the staff of NBC cheering
It's a democratic HOAX. Everything bad is a hoax. Nothing is wrong. Everything is fine.
Cleaned out a fresh group of suckers. Time to load em up again.
so much for the bounced back economy lie......
Almost as if having thousands of small businesses fold is having an effect on the economy. Who could have foreseen it?
Fed can print unlimited amount of money. Why should we be worried
Hey realDonaldTrump ...
Make it go up smh
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.
Source: MarketWatch - 🏆 3. / 97 Read more »