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Stock market live updates: Rally off the lows, Dow gains 300, bank stocks lead comeback

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“There is so much doom and gloom, and this thing is not going to last forever.” Here’s what 4 experts have to say about the coronavirus pandemic and the state of the stock market today.

U.S. stocks rebounded from a 450 point drop earlier on Thursday. Shares of bank stocks rose, offsetting another gloomy jobless claims report from the Labor Department. Another 3 million Americans hoping for unemployment benefits added to investor worries about the uncertain path ahead for the global economy.3:20 pm: Connecticut's jobless claims number was misreported by roughly tenfold

With roughly one hour left in the trading session, the Dow was headed for its first gain in four days as oil prices and bank stocks climbed. The 30-stock average traded about 60 points higher, or 0.4%. Still, the Dow remained down about 4% for the week, which would be its worst weekly performance since late March.blog post

 

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The FED will help stonks and the rich. The peasants don’t matter...

We have the most death, most unemployment, and worst economy in the world ,yet Wall Street scam is green after being down big earlier. When does the manipulation stop? Inflating the bubble market is not helping us. Every other market in world was red. Fed reserve investigated plz

“Doom and gloom”? You may think that’s because of 30+ million unemployed? Or small businesses going away forever?

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