Stock market live updates: Dow drops 300, jobless claims top 30 million, best month since '74?

Stocks opened in the red on the final day of April trading, in what's otherwise been an overall strong month of stocks. The Dow dropped 264 points for a loss of 1%, the S&P 500 shed 0.7%, while the Nasdaq Composite was flat. Jobless claims, which have now topped 30 million over the last six weeks, weighed on markets, as did a plunge in consumer spending and personal incomes in March.U.S. consumer spending dropped 7.

, bringing the total number to more than 30 million in a six-week period. The jump in unemployment claims wiped out the job gains made since the financial crisis as businesses are forced to shut down due to the coronavirus pandemic. "Bottom line … it's like banging your head against the wall and then having a headache," said Peter Boockvar of Bleakley Advisory Group in a note. "We don't need to analyze why you have a headache, only how long it lasts.

Imagine April

I just want to say thank you to Chase for waving my overdraft fees,it means alot because in this difficult times for Families,all dollars Count. Chase My Family and I are grateful and God Y'all Chase . Thank You.

.. I sure cant tell because these people have been out everywhere, just go to target and walmart or even krogers .. all the toilet paper is gone and these fools are still buying up sneakers and Nike clothes and everything else online .. lol

Well yeah, Everything is closed and millions of people are out of work. And those like me who are still working are saving as much as possible in case this whole thing goes tits up.

OPEN THE ECONOMY!!!

This comes as no surprise as another week of record unemployment and the US/Global economies crater.

😷

Well, DUH!! There's no place open to spend it, dodo!

Does this mean that people are saving 5.5% more of their income now? That has to at least be good news for personal finances.

Hope this will end soon and life being back to normal

BULLISH BRO, BAD NEWS = PUMP

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Stocks Rally, Dow Rises Over 300 Points As Investors Become More Optimistic About Reopening The EconomyStocks are attempting a fifth straight session of gains. No one is working yet stocks surge. Not good. What when people realize things after reopening ain't sunshine at all lose trust and boy does the stock market plunge again -30% The European Commission estimated the amount of tax evasion in the UE at 2 TRILLION € -Recovering PUBLIC MONEY from tax evasion -Taxes financial transactions -To finance NEW product & organizational MODELS : social ecology-economic democracy EVERYTHING MUST BE RETHOUGHT Meanwhile, rent and mortgage payments are due in a few days, AND 1/3 of Americans missed their rent payments for APRIL...
स्रोत: Forbes - 🏆 394. / 53 और पढो »

Stocks fall, Dow snaps 4-day winning streak as big tech shares slideThe Dow snapped its four-day winning streak as big tech shares slid. Here's how the major averages performed: - The Dow dropped 32 points. - The S&P 500 fell .52%. - The Nasdaq lost .4%. 1.4% actually
स्रोत: CNBC - 🏆 12. / 72 और पढो »

Here are Wall Street's favorite stocks in the Dow right nowNew for subscribers: Here are Wall Street's favorite stocks in the Dow right now Check out CNBCPro for a free trial.
स्रोत: CNBC - 🏆 12. / 72 और पढो »

Stocks Rally, Dow Up 400 Points After Gilead Treatment Shows ‘Positive Data’The market got a boost from news of a potential treatment for coronavirus. so there was no need to drop the interest rate to 0?
स्रोत: Forbes - 🏆 394. / 53 और पढो »