US stocks rise as investors weigh latest comments on stimulus progress - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

US stocks rise as investors mull latest comments on stimulus

Self-taught market wizard Richard Dennis took a $1600 loan and turned it into an estimated $200 million. He shares the 13 trading rules that turned his performance parabolic.

Investors might be placing too much faith in Washington to get a deal done "given the Democrats' reluctance previously to engage in a watered-down approach," said Craig Erlam, a senior market analyst at Oanda Europe. But he added thatUS jobless claims for the week that ended on Saturday, the Labor Department said Thursday. While that was a decline from the prior week's revised figure, it was above the consensus economist forecast of 820,000 claims.

Continuing claims, a measure that tracks Americans currently receiving unemployment benefits, fell to 11 million for the week that ended on September 26. That was better than economists' forecasts of 11.4 million.Goldman Sachs says to buy these 21 stocks poised to deliver the strongest sales growth through year-end

"The trend in cases appears to have flattened again, but we just don't know which way the numbers will move next," Ian Shepherdson, the chief economist at Pantheon Macroeconomics, said in a note. "If cooler weather pushes infections up again as people move indoors, the very modest decline in jobless claims could easily become a renewed spike."

Airline stocks rebounded on hopes that a $25 billion aid measure could keep the companies from laying off tens of thousands of workers. The group retraced some gains after Pelosi threw cold water on the stimulus optimism.

 

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

When the Trump administration took over the Obama/Biden administration the Dow was 19,000... Today the Dow is 28,425 under the Trump administration. What you call a booming economy.

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

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.

An inside look at the app that's like Duolingo for disaster prep - 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 »

Inside the heated debate over TikTok rival Triller's user count - 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 »

Instagram star @MrsDowJones shares an inside look at a day in her life - 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 rises 100 points — now at its highest level in a monthStocks closed higher for a second-straight day, with the Dow reaching its highest level in a month. Here’s a look at how the day finished up on Wall Street: The Dow jumped 0.43%. The S&P 500 rose 0.8%. The Nasdaq gained 0.5%. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just 3 days,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx What BS is this It’s amazing how one person can manipulate the market and people see that has positive. But yet 90% of our “Normal” country is suffering. The rich will always get richer, and us “Regular” folks will continuously be stagnant without opportunities. But the poorest keep following
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street ends higher on hope that partial coronavirus stimulus deal may occurStocks bounced back sharply after an abrupt change in direction. President Donald Trump lifted investors’ hopes for at least some more fiscal stimulus realDonaldTrump $1200 stimulus alone is not going to sustain the unemployed. Millions of unemployed due to Covid need relief! We aren’t looking for “hand out”, it’s money that we contributed! You try &bully us w/ your politics, relief post election?It’s our money! How dare you. How much are his people making? Next administration needs to look at trade timelines. WHEN WAS THIS?
Source: Reuters - 🏆 2. / 97 Read more »

European markets head for higher open as investors keep an eye on U.S. stimulus talksEuropean stocks are expected to open higher Thursday with global investors keeping an eye on ongoing stimulus discussions in the U.S. How We‘ve been calling this from last week 😅. Technicals 🤝 Fundamentals
Source: CNBC - 🏆 12. / 72 Read more »