... [+]The stock market stumbled on Friday, but ended the week down only 2.6%—despite a slew of worsening economic data, such as record unemployment claims, and ongoing coronavirus volatility continuing to stoke fears on Wall Street.
The Dow Jones industrial average lost 1.7%, nearly 400 points, on Friday, while the S&P 500 fell 1.5% and the Nasdaq Composite 1.5%. Overall, stocks posted their third weekly decline in the last four weeks: The Dow was down 3.1% for the week, while the S&P and Nasdaq dropped 2.6% and 2.8%, respectively.
The number of global coronavirus cases surpassed a million this week—with more than 261,000 cases in the U.S., which has added to anxiety on Wall Street as economic data begins to reflect the financial fallout from the pandemic.to a staggering 6.6 million—the highest level ever recorded. Some 10% of Americans have now filed for first-time unemployment in the last two weeks alone, data shows.
skleb1234 This is why having strong cash reserves are SO important. In times like this, it creates wonderful opportunities to buy low and further strengthen your portfolio position. buylow buywise
skleb1234 Dow is dropping bc mixed messaging, During crisis, people Need clear messaging is how u contain this. 5 min ago Pres Trump says “CDC recommends wearing a mask” he then said word “Voluntary” over 7 times saying Twice “I know I won’t be wearing 1 bc you don’t have to.” He’s insane.
skleb1234 Since the stock market, by definition, is made up of large corporations, many of them are not feeling the pain of little guys. Many are actually finding ways to benefit. Americans are a creative bunch!!
skleb1234 The FED buying everything and POTUS is you already know.
skleb1234 Winning? Nope.
skleb1234 If we get peace in the Middle East, will it go back up? Cc: billmaher , iamjohnoliver
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