Initial U.S. weekly jobless claims fell to 963,000, the Labor Department said. That's below a Dow Jones estimate of 1.1 million. It was also the first time since.
Thursday's data was the latest indication of an improving labor market. To be sure, investors continued to keep a watchful eye on Washington, where the nation's top lawmakers continue to haggle over a new coronavirus-relief package for American households and businesses.
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Here's what happened to the stock market on TuesdayA late-day sell-off in tech shares dragged the S&P 500 into the red after it came within inches of its late-February all-time high. Who cares it’s just the rich getting richer... let’s talk about this BidenHarris2020 ticket that will help regular Americans. We don’t care about the billions made or lost by the rich 🤷🏽♀️
Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNN - 🏆 4. / 95 Read more »
The stock market rally is not connected to reality, India stock exchange chief warns'It's a really uncertain world, and nobody really knows how it's going to develop over the next 12-18 months,' Vikram Limaye told CNBC. The stock market is so propped up by the Fed. FACT: Trump has pumped more into the stock market, last I heard over $5Trillion, than he has on COVID relief. POS is even more propped up than the market. It's ALL gonna come crashing down. Just look at the PEs... MainStreet know already, tell Powell, BlackRock, Trump, and WallStreet.
Source: CNBC - 🏆 12. / 72 Read more »
Equity positioning is still low despite stock market rally, HSBC strategist saysWillem Sels, global chief market strategist at HSBC Private Banking, believes that equities by-and-large remain supported by four factors. PERMABULLSHIT
Source: CNBC - 🏆 12. / 72 Read more »